13018 Van Dyke Ave Detroit, MI 48234
This 1,811-square-foot industrial property, located at 13018 Van Dyke Avenue in Detroit, Michigan, presents a compelling investment opportunity. Built in 1956 and extensively renovated in 2023, this single-story, Class B building offers a blend of functionality and modern convenience. The property sits on a 0.09-acre lot and is zoned for commercial use (APN: W17I009714C6). Recent upgrades include a new roof, modernized interior and exterior lighting, a completely renovated bathroom with a new hot water tank, and notably, new 12-foot bay doors equipped with remote control and app-based operation. The building's net rentable area is 1,811 square feet, and the asking price is $149,999 ($82.83 per square foot). The property is currently vacant and ready for immediate occupancy. Its location within the B4 General Business District of Wayne County, allows for a variety of business and commercial uses, benefiting from high traffic visibility. This property is ideal for businesses seeking a well-maintained, updated space in a convenient location. The property is offered as a standard ownership.
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.
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Risks
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