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    66020 Van Dyke Ave Washington, MI 48095

    Sponsored
    For Lease
    Contact for pricing

    5,000 SF Single-Tenant Retail Opportunity

    Lot size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 66020-66152 Van Dyke Avenue in Washington, Michigan (48095), presents a unique investment opportunity. The property consists of two single-story buildings totaling 5,000 square feet on a generous 8.37-acre lot. Currently, the entire 5,000 square feet is vacant, offering immediate occupancy for a single tenant. Built in 1970, the property boasts ample parking with 318 spaces, ensuring convenient access for customers. The zoning is designated GC, providing flexibility for a variety of retail uses. The property's location at the intersection of Van Dyke Avenue and 30 Mile Road offers excellent visibility and accessibility. The property's two buildings are situated on two separate parcels, APN 24-04-11-176-004 and 24-04-11-176-014. The building's floor area ratio (FAR) is 71,894. This presents a rare chance to acquire a substantial retail space in a desirable location with significant potential for growth and development. The property is classified as a Village Shopping Center, offering a strong foundation for a thriving retail business. The substantial land area provides ample room for expansion or future development. This is an ideal opportunity for an investor seeking a high-visibility retail location in a growing Michigan community.

    Property Features for 66020 Van Dyke Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,000 SF

    Building Details

    Year Built
    1970
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Space Available
    Size
    5,000 SF

    HighLights

    • 5,000 SF vacant retail space on 8.37 acres in Washington, MI (48095).
    • Ample parking (318 spaces).
    • Excellent visibility at Van Dyke Ave & 30 Mile Rd intersection.
    • GC zoning allows for various retail uses.
    • Potential for up to 5,000 SF outlot development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0135543
    Latitude
    42.779616

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    FAQs

    What type of property is this?
    Retail property - 5,000 SF Single-Tenant Retail Opportunity
    Where is this retail property located?
    The property is located at 66020 Van Dyke Ave Washington, MI.
    What are key features of this property?
    This property features: 5,000 SF vacant retail space on 8.37 acres in Washington, MI (48095).; Ample parking (318 spaces).; Excellent visibility at Van Dyke Ave & 30 Mile Rd intersection.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    66020 Van Dyke Ave Washington, MI 48095
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