20164 Van Dyke Ave | Detroit, MI 48234
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20164 Van Dyke Ave
Detroit, MI 48234
Retail Property For Sale
Investment Highlights
- Excellent drive-by traffic with 320’ of frontage on Van Dyke.
- Zoned for Many uses.
- Great Investment Opportunity.
Executive Summary
Great Opportunity For Investors! 11,970 +/- Square Foot Retail building available for Sale on Van Dyke Ave. renovated in 2011. The property is zoned B-4 General Business District and is on 0.67 +/- Acres with more than ample parking. Multiple potential uses permitted including retail, commercial, restaurant, by-right residential, adult/child day care center and industrial. Excellent drive-by traffic with 320’ of frontage on Van Dyke. Call today for further information. No tours without listing agent present. Do not approach existing tenant or employees. Current occupant.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,970 SF
Building Class
C
Year Built/Renovated
1974/2011
Price
£636,336
Price Per SF
£53
Net Initial Yield
10.50%
NOI
£66,815
Tenancy
Single
Number of Floors
1
Building FAR
0.41
Lot Size
0.67 AC
Zoning
B4 - B4 - General Business District
Parking
40 Spaces (3.34 Spaces per 1,000 SF Leased)
Frontage
200 ft on Van Dyke
Amenities
- Signage
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £0 | Total Assessment | £179,367 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£179,367
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