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Property profile & analytics
FOR LEASE
Retail space

27332 Van Dyke Ave Warren, MI 48093

8,322 SF 0.77 ac lot Built 1949
Individually Owned 3-yr Hold Free & Clear
Property ID
US43-0972558
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1949
Total area 8,322 SF
Lot 0.77 ac (33,672 SF)
Zoning code MZ
APN 12-13-15-351-046
UPID US43-0972558
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
Current use
Occupant on record · Public records
  • Williams Refrigeration AC & Heating HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$855k
Blend (final) Blend
$745k
Owner & transaction history
James N Williams · 3 yrs held
James N Williams
since 2023
Last sale
$659,500
5 recorded transactions
2023
Price N/A
2023
Price N/A
2023
$659,500
2023
$200,000
2023
$133,333
Zoning & alternative use
MZ · Warren, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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