20477-20481 Van Dyke St, Detroit, MI 48234
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.