King Richard Motel Investment Opportunity

32490 VAN DYKE Ave, Warren, MI 48093

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For Sale

$1,600,000

Renovated 19-unit motel with high visibility and income potential.

Type:Commercial

Lot size:

0.63 Acres

We can help!

Contact an agent

Tariq Herish

Real Estate License ID: MISPE-6501293554

HighLights

High 14.3% Cap Rate based on a net income of $243,056.
Renovated in 2024 with over $100,000 invested.
Gross income of $300,960 from 19 motel units and 1 apartment.
High‑visibility location on Van Dyke Ave with 229 feet of frontage and over 52,000 vehicles passing daily.
Extended stay concept with enhanced revenue prospects.
Convenient land contract terms available.

For Sale

$1,600,000

Renovated 19-unit motel with high visibility and income potential.

Type:Commercial

Lot size:

0.63 Acres

Added:: Nov 28, 2025
Days on Market:: 221
Last Refresh:: Jul 3 at 2:22 am

Property Features for 32490 VAN DYKE Ave

General Information

Standard status: Active
Lot size: 0.63 Acres
Property subtype: Commercial

Building Details

Year Built: 1950

We can help!

Contact an agent

Tariq Herish

Listing office Brookstone, Realtors LLC

Listing date Nov 28, 2025

Source Elliman

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

All listing content including descriptions, pricing, images are the copyrighted material of Brookstone, Realtors LLC

HighLights

High 14.3% Cap Rate based on a net income of $243,056.
Renovated in 2024 with over $100,000 invested.
Gross income of $300,960 from 19 motel units and 1 apartment.
High‑visibility location on Van Dyke Ave with 229 feet of frontage and over 52,000 vehicles passing daily.
Extended stay concept with enhanced revenue prospects.
Convenient land contract terms available.

Overview

The King Richard Motel presents a significant investment opportunity. This property features 19 units, designed for extended stays, and one apartment. Situated on Van Dyke Ave, the motel benefits from 229 feet of frontage and high visibility, with over 52,000 vehicles passing daily. The property, zoned C-1, occupies 0.63 acres in a busy commercial area near established national retail brands. Recent renovations in 2024, exceeding $100,000, have modernized the motel. The conversion to an extended stay model has improved revenue, with a gross income of $300,960 and a net income of $243,056, resulting in a 14.3% cap rate. Ample parking and room for expansion are available. Land contract terms are available.

Property Profile Location Intelligence

Current Use by Public Records

King Richard Motel Hotel & Motel

Suggested Use

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Location Insight

Map
Local Demand

City: Warren
County: Macomb
State: Michigan
Longitude: -83.0287
Latitude: 42.5337

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For sale
Motels
MI
Warren
48093
32490 VAN DYKE Ave

What type of property is this?

Motel - Renovated 19-unit motel with high visibility and income potential.

Where is this motel located?

The property is located at 32490 VAN DYKE Ave Warren, MI.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: High 14.3% Cap Rate based on a net income of $243,056.; Renovated in 2024 with over $100,000 invested.; Gross income of $300,960 from 19 motel units and 1 apartment.