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    OFF-MARKET
    Commercial real estate

    Van Dyke St, Detroit, MI 48234

    0.21 ac lot Built 1956
    Property ID
    Property summary
    AI-generated overview

    This exceptional Detroit commercial investment opportunity encompasses three buildings situated on a 0.21-acre lot, including adjacent lot ID# 15005774 (measuring 35x116 feet). The property includes two buildings at 1400 square feet each, featuring solid construction with concrete roofs. Both buildings boast newer furnaces and air conditioning units, ensuring efficient and comfortable operation. Currently occupied by long-term, reliable tenants who desire to remain, one building is configured as a two-office and lobby setup, ideal for professional services, while the other functions as a retail boutique, showcasing the property's versatility. The property benefits from convenient parking in both a dedicated lot and via alley access. High visibility from the street ensures excellent exposure for businesses. The asking price for this three-building package is $185,000. Proof of funds or pre-approval is required before scheduling a viewing. Note that an additional property at 20495 is available separately for $120,000 and includes a vacant lot on Stotter Street (MLS #2025005255).

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1956
    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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