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Property profile

66020 Van Dyke Ave Washington, MI 48095

OFF-MARKET
Retail properties & Spaces
5,000 SF 8.37 ac lot Built 1970
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 1970
Total area 5,000 SF
Lot 8.37 ac (364,597 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

66020 Van Dyke Ave Washington, MI 48095
Washington metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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