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    20477-20481 Van Dyke St Detroit, MI 48234

    For Sale
    $159,900

    Two retail buildings with long-term tenants and parking.

    Lot size:
    0.21 Acres

    Property Features for 20477-20481 Van Dyke St

    General Information

    Lot size
    0.21 Acres

    Building Details

    Year built
    1956

    Source: RE/MAX First Agent Kimberly C Hosner

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

    Overview

    Retail Buildings with Parking Lot

    The property includes two solid buildings with concrete roofs, identified as 20477 and 20481 VAN DYKE St, along with an adjacent lot (ID# 15005774) measuring 35x116. Each building offers 1400 square feet of space. Both units feature newer furnaces and air conditioning systems. The buildings are currently occupied by long-term tenants who are interested in remaining. One unit is configured as a two-office setup with a lobby, while the other operates as a store boutique. The property includes a parking lot and alley access for parking, providing convenient accessibility.
    Location Intelligence

    Current Use by Public Records

    Storefront 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.

    Similar Places Nearby

    Renaissance Night Wedding rentals

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0251305
    Latitude
    42.4471883

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    FAQs

    What type of property is this?
    Storefront property - Two retail buildings with long-term tenants and parking.
    Where is this storefront 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 $159,900.
    What are key features of this property?
    This property features: - Solid buildings with concrete roofs offer durability and low maintenance.; - High visibility location is ideal for commercial tenants.; - Includes three parcels: 20477, 20481, and adjacent lot ID# 15005774 (35x116).
    (248) 408-5677
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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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