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    31920 Van Dyke Ave Warren, MI 48093

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    For Sale
    $2,799,000

    Turnkey restaurant and banquet facility with liquor license available.

    Property size:
    16,426 SF
    Lot size:
    0.40 Acres

    Property Features for 31920 Van Dyke Ave

    General Information

    Size
    16,426 SF
    Lot size
    0.40 Acres

    Source: Landmark Commercial Real Estate Services Agent Louis Ciotti

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Furnished Restaurant & Banquet Space

    This property features a fully furnished restaurant and banquet space. A liquor license is available. All furniture, fixtures, and equipment are included in the sale. The property includes a mezzanine storage area. Automotive-related uses are within the current zoning guidelines. The property size is 16426 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Royal Palace Restaurant ... Restaurant

    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.

    Similar Places Nearby

    Greedie Girlz Catering

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.028629
    Latitude
    42.528902

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    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant and banquet facility with liquor license available.
    Where is this restaurant located?
    The property is located at 31920 Van Dyke Ave Warren, MI.
    What is the asking price?
    The asking price for this property is $2,799,000.
    What are key features of this property?
    This property features: - Fully Furnished Restaurant & Banquet Space ready for your vision.; - Liquor License Available, offering immediate revenue potential.; - All FF&E Included in the Sale, a true turn-key opportunity.
    (248) 488-2620
    Request Owner's contact information
    31920 Van Dyke Ave Warren, MI 48093
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    Warren, MI 48093
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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
    31920 Van Dyke Ave Warren, MI 48093
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