Warren Multifaceted Investment
For Sale
$2,200,000
28710 VAN DYKE Ave, Warren, MI 48093
20-unit motel, house, restaurant, and apartment complex for sale.
Property SizeContact for details
Lot Size1.00 Acre
Days on Market164
Property Features for 28710 VAN DYKE Ave
General Information
Standard status
Active
Lot size
1.00 Acre
Property subtype
Commercial
Building Details
Year Built
1953
Listing Agency:
Brookstone, Realtors LLC
(810) 459-9217
Listed By:
Tariq Herish · License #MISPE-6501293554
(810) 459-9217
Source:
Elliman
Added: Mar 11
Changed: Aug 10
Last Checked: Aug 20 at 10:42AM
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
Investment Insights
Based on property information with market context.
Located at 28710 Van Dyke Ave in Warren, Michigan, this property features a 20-unit extended stay motel, a house, a restaurant, and an apartment. Situated on 0.88 acres with 246 feet of frontage on Van Dyke Avenue, the property is positioned in a retail corridor near national tenants and Warren's manufacturing and automotive facilities. The location benefits from a daily vehicle count of 75,000 and proximity to 30,000 employees within a one-mile radius. The property includes multiple points of ingress and egress and 40 parking spaces. Recent renovations were completed in 2022, including resurfacing of the parking lot and updates to the restaurant, which has a new 3-year lease. An on-site manager is available 24/7. This property is intended as an investment opportunity.
Key Highlights
- High Cap Rate: 10.79% offers a lucrative return on investment.
- Diverse Income Streams: Features a 20‑unit motel, house, restaurant, and apartment for varied revenue.
- Prime Location: Situated on Van Dyke Ave with high traffic (75,000 daily vehicles) and frontage of 246'.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
326k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 48%
Shops & Services 21%
Apparel 18%
Dining 13%
Walmart
Superstores
155,862 visits/mo
0.2 miles
Five Below
Shops & Services
45,728 visits/mo
0.3 miles
Marshalls
Apparel
33,274 visits/mo
0.3 miles
Applebee's
Dining
19,612 visits/mo
0.1 miles
Tim Hortons
Dining
12,036 visits/mo
0.1 miles
Demographics for 48093, MI
24,780
Population
10,480
Households
2.4
Avg Household Size
43
Median Age
26%
College-Educated
91%
High-School Grad
5.9 sq mi
ZIP Area
4,200
Density / Sq Mi
$66,420
Median Household Income
$42,685
Median Earnings
$1,123
Median Rent
$197,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Extended Stay America Select Suites - Detroit - Warren — 30125 N Civic Center Dr, Warren, MI 48093
- tech center motel — 28710 Van Dyke Ave, Warren, MI 48093
- Residence Inn by Marriott Detroit Warren — 30120 N Civic Center Dr, Warren, MI 48093
- Affordable Suites Detroit-Warren — 30180 N Civic Center Dr, Warren, MI 48093
- Van Dyke Extended Stay — 28710 Van Dyke Ave, Warren, MI 48093
Frequently Asked Questions
What type of property is this?
Motel - 20-unit motel, house, restaurant, and apartment complex for sale.
Where is this motel located?
The property is located at 28710 VAN DYKE Ave Warren, MI.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: High Cap Rate: 10.79% offers a lucrative return on investment.; Diverse Income Streams: Features a 20‑unit motel, house, restaurant, and apartment for varied revenue.; Prime Location: Situated on Van Dyke Ave with high traffic (75,000 daily vehicles) and frontage of 246'.
