32187 Van Dyke Ave Warren, MI 48093-1096
- Turn key restaurants
- 1,985 SF
- 0.40 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 32187 Van Dyke Ave
- Year built
- 1978
- Lot size
- 0.40 lot acres
- Property size
- 1,985 SF
- Zone code
- M-1
- Property type
- Turn key restaurants
- APN
- 12-13-04-276-003
- APU
- 121304276003
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $590,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $495,000
- 6.5%
- $540,000
- 7%
- $450,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $570,000
- Geo Method
- $485,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $485,000
- Retail
- $575,000
- Mixed-Use
- $550,000
- Hospitality
- $455,000
- Educational
- $450,000
- Residential Income
- $490,000
- Energy
- $580,000
- Income-Based Land
- $470,000
- Food Service
- $505,000
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0297
- Latitude
- 42.5321
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA