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    OFF-MARKET
    Industrial properties

    20477-20481 Van Dyke St, Detroit, MI 48234

    2,792 SF 0.21 ac lot Built 1919
    Property ID
    Property summary
    AI-generated overview

    This exceptional Detroit industrial investment opportunity encompasses two solid buildings totaling 2,792 square feet situated on a 0.21-acre lot. The property includes addresses 20477 and 20481 Van Dyke, along with an adjacent vacant lot (ID# 15005774), measuring 35x116 feet. Each building offers approximately 1400 square feet of usable space, featuring concrete roofs, newer furnaces, and air conditioning units. Currently occupied by long-term, reliable tenants—one configured as a two-office/lobby setup, the other as a retail boutique—this property provides immediate cash flow. The high-visibility location ensures strong tenant appeal and potential for future growth. Convenient parking is available in the on-site lot and via alley access. The asking price is $185,000. A separate building at 20495 Van Dyke is also available for purchase ($120,000), including an additional vacant lot on Stotter. Serious inquiries only

    Property profile
    Verified
    Property type Industrial properties
    Year built 1919
    Total area 2,792 SF
    Lot 0.21 ac (9,148 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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