Van Dyke St, Detroit, MI 48234
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).
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
Similar Nearby for Sale
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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.