Property profile

32187 Van Dyke Ave Warren, MI 48093

OFF-MARKET
Turn key restaurants
Property ID
US43-1701342
1,985 SF 0.4 ac lot Built 1978
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 1,985 square foot vacant restaurant building in Warren, Michigan is ideally situated on Van Dyke Avenue, boasting over 100 feet of frontage. Its prime location ensures excellent visibility and accessibility for both vehicles and pedestrians. The property offers ample parking for up to 25 vehicles, a significant advantage in this high-traffic area. Its strategic position near major businesses, including the GM Tech Center, Menards, Gordon Foods, Walmart, various hotels, and multiple car dealerships, guarantees consistent foot traffic and high visibility. The building's proximity to these well-established businesses contributes to its desirability and potential for strong returns. This freestanding building presents a unique opportunity for a restaurant or similar retail business seeking a high-profile location with excellent visibility and ample parking. The asking price is $849,900, with a price per square foot of $428.16. The property includes a drive-thru. The address is 32187 Van Dyke Ave, Warren, MI 48093.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1978
Total area 1,985 SF
Lot 0.4 ac (17,511 SF)
Zoning code M-1
APN 12-13-04-276-003
UPID US43-1701342

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

32187 Van Dyke Ave Warren, MI 48093-1096
Warren metro Census 982300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$590k

Owner & transaction history

since 2023
Last sale
$570,000
4 recorded transactions
2023
Price N/A
2023
$570,000
2022
Price N/A
2015
Price N/A

Zoning & alternative use

M-1 · Warren, MI
Zoning description

M-1 and M-2. Section 4A.14 (b) - Prohibited Signs: Exterior rope lighting, except temporary lighting. Chairman Sophiea said good evening. CITY OF WARREN ZONING BOARD OF APPEALS Minutes of August 13, 2025 Page 12 Sarah Mh…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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