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Property profile

66998 Van Dyke Ave Washington, MI 48095

OFF-MARKET
Retail properties & Spaces
11,180 SF 1.64 ac lot Built 1998
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Property summary

AI-generated overview

This exceptional 11,180-square-foot retail property, located at 66998 Van Dyke Avenue in Washington, Michigan, presents a compelling investment opportunity. Situated on a 1.64-acre lot, this building boasts 74 parking spaces and benefits from a prominent location with a traffic light. Built in 1998, the structure is currently vacant, offering a blank canvas for a new tenant or owner-occupancy. The property is zoned GC (General Commercial), allowing for a wide range of potential uses. The building's dimensions are approximately 86 feet by 130 feet. Annual real estate taxes for 2023 were $28,671. The lease type is NNN (Net, Net, Net), meaning the tenant is responsible for most operating expenses. This property's size, location, and zoning make it an ideal investment for a variety of commercial ventures. The ample parking and high visibility ensure strong potential for attracting customers. The vacant status provides flexibility for customizing the space to meet specific business needs. This is a rare opportunity to acquire a substantial retail property in a desirable location with significant upside potential. The property is located in Macomb County, Michigan, with a zip code of 48095.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1998
Total area 11,180 SF
Lot 1.64 ac (71,438 SF)

Cap rate & NOI

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

Location

66998 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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