27379 Van Dyke Ave Warren, MI 48093-2844

Property Details for 27379 Van Dyke Ave

Year built

1962

Lot size

0.10 lot acres

Property size

1,694 SF

Zone code

C-1

Property type

Retail space

APN

12-13-16-480-020

APU

121316480020

Description

This auction presents a compelling investment opportunity: two vacant commercial buildings totaling 8,534 square feet situated on a 1.03-acre lot in Warren, Michigan. The property, located at 27379 & 27423 Van Dyke Avenue, features 72 parking spaces and is zoned C-1. Built in 1962/2007 & 1985, this property benefits from a high-traffic location, boasting over 86,000 vehicles daily on Van Dyke Avenue and over 144,000 vehicles daily on I-696, providing exceptional visibility and accessibility. Its proximity to I-696 ensures convenient freeway access, and its location within the Detroit Metropolitan Statistical Area, a region with over 4.4 million residents, offers a substantial potential customer base. The area surrounding the property includes several recession-resistant national tenants, contributing to its stability and attractiveness. Warren, the third-largest city in Michigan, is also home to major employers like the General Motors Technical Center and Ascension Macomb-Oakland Hospital, creating a robust local economy. The property's location within a densely populated area, with over 104,000 residents within a 3-mile radius, further enhances its appeal. The property is also situated in a designated Hub Zone, potentially offering advantages for federal contracting opportunities. The asking price is $250,000. The auction will take place October 21-23, 2024. Further details and due diligence documents are available online. The APN is 12-13-16-480-024.