Property profile & analytics
28000 Van Dyke Ave Warren, MI 48093-2849
- Office buildings
- 11,400 SF
- 0.62 lot acres
OFF-MARKET
Value Estimations
$755,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-1469486
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
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Property Details for 28000 Van Dyke Ave
- Year built
- 1966
- Lot size
- 0.62 lot acres
- Property size
- 11,400 SF
- Zone code
- C-1
- Property type
- Office buildings
- APN
- 12-13-15-155-003
- APU
- 121315155003
Description
This two-story, 11,400 square foot office building in Warren, Michigan is being offered at auction, starting at $200,000. Located on a signalized hard corner of Van Dyke Avenue, this C-1 zoned property boasts high visibility and traffic counts exceeding 86,000 vehicles daily on Van Dyke and over 144,950 on I-696. Currently 42% occupied, the building presents a value-add opportunity for investors. Built in 1966, the property sits on a 0.62-acre lot and includes 37 parking spaces. Its prime location within the Detroit Metropolitan Statistical Area, approximately 20 minutes from downtown Detroit, offers easy access to I-696 and is near Ascension Hospital. The surrounding area features several recession-resistant national tenants and a strong demographic profile, with over 104,000 residents within a 3-mile radius. Warren's robust employment base, including General Motors Technical Center and TACOM Life Cycle Management Command, further enhances the property's appeal. The property is situated in a designated Hub Zone, offering potential advantages for federal contracting. This auction presents a unique opportunity to acquire a well-located office building with significant upside potential. The property includes five buildings across four parcels, with three currently vacant, offering redevelopment possibilities. Auction dates are October 21-23, 2024. The APN is 12-13-15-155-003.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $754,000
- AI Estimate
- $754,000
Market price range: $580k - $1.52MMarket price range: $580k - $1.52M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,080,000 Current use
- RETAIL STORES
- $1,185,000 Change: +9% Conversion: Moderate
- RESTAURANT
- $985,000 Change: -9% Conversion: Moderate
- MEDICAL BUILDING
- $920,000 Change: -15% Conversion: Easy
- AUTO REPAIR, GARAGE
- $890,000 Change: -18% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0273
- Latitude
- 42.4994
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$19,593
$0.00
$0.00
$277,960
-
$0.00
$0.00
$555,920
