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Warren Investment Opportunity: Motel, Restaurant

28710 Van Dyke Ave, Warren, MI 48093

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For Sale

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Mixed-use property with motel, restaurant, house, and apartment.

Type:Hospitality, Retail

Property size:

7,335 SF

Lot size:

0.88 Acres

Price / SF:

$286/SF

HighLights

High 10.79% Cap Rate
Recession and Pandemic‑Proof Investment with Multiple Income Streams
Prime Location in Retail Corridor with High Traffic and Visibility
Recent Renovations including Parking Lot and Restaurant with New 3‑Year Lease
High Density of Potential Customers with 30,000 employees within one‑mile radius
On‑Site Manager 24/7

We can help!

Contact an agent

Elias Herish

For Sale

Contact for pricing

Mixed-use property with motel, restaurant, house, and apartment.

Type:Hospitality, Retail

Property size:

7,335 SF

Lot size:

0.88 Acres

Price / SF:

$286/SF

Added:: Sep 4, 2025
Days on Market:: 306
Last Refresh:: Mar 17 at 1:13 pm

Property Features for 28710 Van Dyke Ave

General Information

Standard status: Active
Size: 7,335 SF
Lot size: 0.88 Acres
Property subtype: Hospitality, Retail

We can help!

Contact an agent

Elias Herish

Listing office The Herish Group

Listing date Sep 4, 2025

Source Crexi

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 The Herish Group

HighLights

High 10.79% Cap Rate
Recession and Pandemic‑Proof Investment with Multiple Income Streams
Prime Location in Retail Corridor with High Traffic and Visibility
Recent Renovations including Parking Lot and Restaurant with New 3‑Year Lease
High Density of Potential Customers with 30,000 employees within one‑mile radius
On‑Site Manager 24/7

Overview

Located at 28710 Van Dyke Ave, Warren, MI 48093, this property features a 24-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 40 parking spaces and an on-site manager available 24/7. Recent renovations were completed in 2022, including resurfacing of the parking lot and updates to the restaurant, which has a new 3-year lease. The property size is 7,335 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$149.6k	$20.40
− Vacancy	−$7.5k	−$1.02
EGI	$142.2k	$19.38
− OpEx	−$35.5k	−$4.85
NOI	$106.6k	$14.54

7,335 SF · lease $20.40/SF/yr · vacancy 5.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.52M

$1.33M – $1.78M (±1% cap)

NOI $106,614 @ 7.0% cap · market cap 5.08%

Second Best

Retail

$1.29M

$1.13M – $1.51M (±1% cap)

NOI $90,345 @ 7.0% cap · market cap 4.30%

Theoretical Best

Office A

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,269 @ 7.0% cap · market cap 5.39%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

tech center motel Hotel & Motel Van Dyke Extended ... Hotel & Motel

Suggested Use

Similar Places 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

Location Insight

Map
Local Demand

City: Warren
County: Macomb
State: Michigan
Longitude: -83.027703
Latitude: 42.504487

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For sale
Motels
MI
Warren
48093
28710 Van Dyke Ave

What type of property is this?

Motel - Mixed-use property with motel, restaurant, house, and apartment.

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 $2,100,000.

What are key features of this property?

This property features: High 10.79% Cap Rate; Recession and Pandemic‑Proof Investment with Multiple Income Streams; Prime Location in Retail Corridor with High Traffic and Visibility