27332 Van Dyke Ave Warren, MI 48093
- Retail space
- 8,322 SF
- 0.77 lot acres
Current Use by Public Records
- Williams Refrigeration AC & Heating / Hvac Contractor / Heating Contractor
Property Details for 27332 Van Dyke Ave
- Year built
- 1949
- Lot size
- 0.77 lot acres
- Property size
- 8,322 SF
- Zone code
- MZ
- Property type
- Retail space
- APN
- 12-13-15-351-046
- APU
- 121315351046
Description
This exceptional Macomb County property, located at 27332 Van Dyke Avenue, offers a unique investment opportunity. Boasting a prime location with high visibility on Van Dyke Avenue (50,000 vehicles daily) and convenient access to I-696, this multi-use property presents significant potential. The property comprises two buildings totaling 9,085 square feet, offering flexibility for various uses. The north building, a 2,742 square foot industrial space, is ideal for storage. The south building, encompassing 6,343 square feet, features 4,503 square feet of office space and a 1,840 square foot shop area. The property benefits from abundant parking, perfect for employees and customers. Its strategic placement between a Circle K and an Arby's provides excellent signage opportunities. The property is zoned MZ and offers the possibility of an "as is" purchase or redevelopment, potentially accommodating a national chain with a drive-thru. Built in 1949, the property features a 125-foot frontage. The buildings are currently divided into two suites. This versatile property is perfect for a variety of businesses seeking a high-traffic location with ample space and parking. The minimum divisible space is 2,742 square feet. There are no elevators on the property.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $685,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $615,000
- 6.5%
- $615,000
- 7%
- $730,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $610,000
- Geo Method
- $645,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $760,000
- Retail
- $655,000
- Mixed-Use
- $610,000
- Hospitality
- $835,000
- Educational
- $605,000
- Residential Income
- $610,000
- Energy
- $700,000
- Income-Based Land
- $830,000
- Food Service
- $815,000
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0272
- Latitude
- 42.4945
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
