32490 VAN DYKE Ave Warren, MI 48093

Building Details

Year Built

1950

Listing office Brookstone, Realtors LLC t***@theherishgroup.com Show Phone

Listing date Nov 28, 2025

Source Elliman

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

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Investment Insights

Based on property information with market context.

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.

Key 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.

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FAQs

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.