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    23521 Van Dyke Ave Warren, MI 48089

    For Sale
    $900,000

    Citizens Bank NNN asset with extended lease and options.

    Property size:
    3,717 SF
    Lot size:
    0.63 Acres

    Property Features for 23521 Van Dyke Ave

    General Information

    Size
    3,717 SF
    Lot size
    0.63 Acres

    Source: Sands Investment Group (SIG) - Corporate Agent Ross Staples

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

    Overview

    Citizens Bank NNN Asset

    The property available for sale is a 3,717 square foot Citizens Bank NNN asset located at 23521 Van Dyke Rd in Warren, MI. The property features a recently extended absolute triple net lease with 6 years remaining on the lease term and two additional 5-year options. The property is priced below replacement cost. The location is a high-performing branch with over $116 million in deposits and is the only bank branch in that zip code. The tenant is backed by Citizens Financial Group (NYSE: CFG), a publicly traded financial institution with a $7B+ market cap and over 1,100 branches across 11 states. The branch is drive-thru equipped with two dedicated drive-thru lanes. Citizens’ decision to extend the lease in 2025 confirms its long-term operational confidence in the site.
    Insight Report Location Intelligence

    Current Use by Public Records

    Citizens Bank ATM Atm Citizens Bank

    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
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.027349
    Latitude
    42.467024

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    FAQs

    What type of property is this?
    Bank - Citizens Bank NNN asset with extended lease and options.
    Where is this bank located?
    The property is located at 23521 Van Dyke Ave Warren, MI.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - High-Performing Branch: Over $116 Million in Deposits, and is the Only Bank Branch in That Zip Code.; - Investment-Grade Credit Tenant: Backed By Citizens Financial Group (NYSE: CFG), a Publicly Traded Financial Institution.; - Absolute Triple Net Lease: Recently Extended Lease With 6 Years Remaining on the Lease Term and (2) Additional 5 Year Options.
    (844) 474-4666
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    23521 Van Dyke Ave Warren, MI 48089
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    Warren, MI 48089
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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
    23521 Van Dyke Ave Warren, MI 48089
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