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Restaurant and Banquet Hall
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31920 Van Dyke Ave, Warren, MI 48093

Move-in-ready commercial space with direct frontage on Van Dyke Ave.

Property SizeContact for details
Days on Market11

Property Features for 31920 Van Dyke Ave

General Information

Standard status Active
Property subtype Retail
Listing Agency: Savills
Listed By: Addison Williams · License #MI 6501406933
Source: Crexi
Added: Sep 3 Changed: Sep 9 Last Checked: Sep 13 at 5:15AM

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 Savills

Investment Insights

Based on property information with market context.

This 17,161-square-foot restaurant and banquet hall occupies a 2.10 AC site and was built in 1971. The property is described as move-in ready and was most recently occupied by Royal Palace Restaurant, which remained open and operating as recently as May 2026.

The site has direct frontage on Van Dyke Ave, where traffic exceeds 45,000 vehicles each day. More than 108,000 residents live within a 3-mile radius. A newly developed Sheetz is across the street, with Lowe's approximately 1,500 feet away and Walmart Supercenter approximately 3,000 feet away along the same corridor.

Key Highlights

  • 17,161‑square‑foot restaurant and banquet hall on a 2.10 AC site
  • Direct frontage on Van Dyke Ave with over 45,000 vehicles passing each day
  • Previously occupied by Royal Palace Restaurant and operating as recently as May 2026

Property Analytics

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Current Use

Royal Palace Restaurant ... Restaurant

Suggested Use

Top Pick Spa & Massage Center Hair Salon Kitchen & Bath Showroom Grocery & Convenience Store Daycare Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

459
Businesses Nearby
165k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Home Improvements & Furnishings 43% Dining 25% Shops & Services 14% Groceries 9%
Menards Home Improvements & Furnishings
47,089 visits/mo 0.4 miles
Lowe's Home Improvements & Furnishings
24,068 visits/mo 0.5 miles
Speedway Shops & Services
16,047 visits/mo 0.1 miles
Gordon Food Service Groceries
14,707 visits/mo 0.2 miles
McDonald's Dining
14,005 visits/mo 0.2 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Move-in-ready commercial space with direct frontage on Van Dyke Ave.
Where is this conventional restaurant located?
The property is located at 31920 Van Dyke Ave Warren, MI.
What are key features of this property?
This property features: 17,161‑square‑foot restaurant and banquet hall on a 2.10 AC site; Direct frontage on Van Dyke Ave with over 45,000 vehicles passing each day; Previously occupied by Royal Palace Restaurant and operating as recently as May 2026
More about this property
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