27379 Van Dyke AveWarren, MI 48093

For Sale
$250,000

Two vacant medical/retail buildings, high traffic area.

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Highlights

  • Auction: Two vacant medical/retail buildings (1,700 SF & 6,800 SF) in Warren, MI. Starting bid: $250,000. Auction dates: October 21-23, 2024. Access bidding and due diligence via Ten-X.
  • Investment opportunity: Free-standing medical/retail buildings with high foot traffic potential.
  • High-traffic location: Over 86,000 vehicles daily on Van Dyke Ave and over 144,000 on I-696.
  • Excellent access: Convenient I-696 access, ~20 minutes from downtown Detroit, near Ascension Hospital.
  • Detroit MSA location: Warren, MI, third-largest city in Michigan, within the 4.4M+ population Detroit MSA.
  • Recession-resistant area: Surrounded by stable, national tenants.

Property Details for 27379 Van Dyke Ave

Property type
Other retail properties, Individual retail properties
Square Feet
8,534 SF
Year Built
1962
Lot Size (sq. ft)
44,867 SF

Location Insight

City
Warren
County
Macomb
State
Michigan
Latitude
42.5190114
Longitude
-83.0092803
27379 Van Dyke Ave, Warren, Michigan

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27379 Van Dyke Ave
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