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    20477-20481 Van Dyke St Detroit, MI 48234

    Sponsored
    For Sale
    $185,000

    Two Buildings, High Visibility, Strong Tenants

    Property size:
    2,792 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This exceptional Detroit industrial investment opportunity encompasses two solid buildings totaling 2,792 square feet situated on a 0.21-acre lot. The property includes addresses 20477 and 20481 Van Dyke, along with an adjacent vacant lot (ID# 15005774), measuring 35x116 feet. Each building offers approximately 1400 square feet of usable space, featuring concrete roofs, newer furnaces, and air conditioning units. Currently occupied by long-term, reliable tenants—one configured as a two-office/lobby setup, the other as a retail boutique—this property provides immediate cash flow. The high-visibility location ensures strong tenant appeal and potential for future growth. Convenient parking is available in the on-site lot and via alley access. The asking price is $185,000. A separate building at 20495 Van Dyke is also available for purchase ($120,000), including an additional vacant lot on Stotter. Serious inquiries only

    Property Features for 20477-20481 Van Dyke St

    General Information

    Property type
    Industrial properties
    Square Feet
    2,792 SF
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1919
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.02505
    Latitude
    42.44726

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    FAQs

    What type of property is this?
    Industrial property - Two Buildings, High Visibility, Strong Tenants
    Where is this industrial property located?
    The property is located at 20477-20481 Van Dyke St Detroit, MI.
    What is the asking price?
    The asking price for this property is $185,000.
    (248) 548-4400
    Request Owner's contact information
    20477-20481 Van Dyke St Detroit, MI 48234
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20477-20481 Van Dyke St Detroit, MI 48234
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