Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Land with Small Garage Title is generated by Realmo AI

    61910 - 61970 Van Dyke Avenue, Washington, MI 48094

    View on Map
    Claim this Listing
    Picture of Industrial land at 61910 - 61970 Van Dyke Avenue, Washington, MI
    For Sale
    $1,100,000

    LAND - Washington, MI

    Lot size:
    3.60 Acres
    Added:
    Jan 13, 2025
    Days on Market:
    507
    Last Refresh:
    Jun 4 at 9:06 am

    Property Features for 61910 - 61970 Van Dyke Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    24-04-22-400-045
    Lot size
    3.60 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Alexander Termini

    Listing agent Alexander Termini License #6501392648

    Listing office Pilot Property Group - Residential LLC 38600 Van Dyke Ste 325, Shelby Twp, MI

    Listing date Jan 13, 2025

    MLS# 50164475 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 7.9 acres of industrial land for sale off Van Dyke
    • Zoned industrial
    • Small garage on the property
    • Public water source available
    • Close to M‑53

    Overview

    This offering is industrial-zoned land with a small garage located on the property. The listing states a total of 7.9 acres zoned industrial, with the lot size provided as 3.6 acres. The property is being marketed as industrial land for sale.

    The site is described as being off Van Dyke Avenue, close to M-53, in Washington, Michigan (Macomb County). Address numbers included in the listing are 61910 through 61970 Van Dyke Avenue, Washington, MI 48094.

    As an industrial-zoned parcel, this property may be of interest to buyers looking to develop an industrial use or add improvements consistent with local requirements. The presence of an on-site small garage can support limited operations while plans are being considered. Prospective buyers should verify allowable uses and development requirements with the local jurisdiction before proceeding.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Gym & Fitness Center Pharmacy Auto Parts Store Skin Care Clinic Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0348
    Latitude
    42.7375

    Nearby Similar for Sale

    • $975,000
      7,512 SF

      Multi-Tenant Office Building

      Completely renovated 10-unit office building with modern building systems and strong on-site parking capacity.
      58540 Van Dyke Avenue, Washington, MI 48084
      View Details
    • $575,000

      Developed Pad Ready For Building

      Developed building pad with parking and utilities for office/medical use.
      11549 26 Mile Rd, Washington, MI 48094
      View Details
    • $134,900

      Waterfront Land Near Stony Creek

      Almost 2-acre waterfront lot near Stony Creek and Rochester.
      63888 Dequindre Rd, WashingtonTownship_Macomb, MI 48095
      View Details
    • $130,000

      Land Parcel in Washington Township

      Land with pond access in Rochester school district.
      5926 Hunters Ridge Dr, WashingtonTownship_Macomb, MI 48094
      View Details
    • $450,000

      Commercial Land on Van Dyke

      Commercial property on Van Dyke, near downtown Romeo.
      67091 VAN DYKE Rd, WashingtonTownship_Macomb, MI 48095
      View Details
    • $7,015,786
      98,221 SF

      Industrial Facility in Washington, Michigan

      98,221 SF industrial facility in a well-established corridor.
      61166 Van Dyke Ave, Washington, MI 48094
      View Details
    • $181,000

      Washington Township Condo for Sale

      Affordable condo near Romeo with finished basement and serene views.
      67976 Van Dyke #16, Washington, MI 48095
      View Details
    • Contact for pricing
      71,309 SF

      Retail Property in Washington, MI

      Retail property with long-term occupancy and value-add upside.
      66020-66152 Van Dyke, Washington, MI 48095
      View Details
    • $900,000

      Land For Sale

      Land available in Washington Township, Macomb, MI.
      29 MILE, WashingtonTownship_Macomb, MI 48094
      View Details
    • Contact for pricing
      71,309 SF

      Romeo Village Shopping Center

      Fully occupied shopping center with strong tenant performance in Washington.
      66030-66152 Van Dyke Rd, Washington, MI 48095
      View Details
    • $49,900

      Residential Land in Washington, MI

      Vacant land with utilities available in Washington, Michigan.
      Wicker Street, Washington, MI 48094
      View Details
    • $49,900

      Residential Land in Washington, MI

      Vacant residential land with utilities available in Washington, MI.
      Wicker Street, Washington, MI 48094
      View Details

    FAQs

    What type of property is this?
    Industrial land - Zoned industrial parcel near M-53, featuring a small garage and frontage on Van Dyke Avenue.
    Where is this industrial land located?
    The property is located at 61910 - 61970 Van Dyke Avenue Washington, MI.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 7.9 acres of industrial land for sale off Van Dyke; Zoned industrial; Small garage on the property
    (586) 291-0499
    We can help!
    Listing Contact
    Alexander Termini
    Real Estate License ID: 6501392648
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    61910 - 61970 Van Dyke Avenue, Washington, MI 48094
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!