MI
Macomb
Warren City
48093
32490 VAN DYKE Avenue
32490 VAN DYKE Avenue, Warren City, MI 48093
Share Listing
Listing Type
Commercial/Industrial
Listing Status
Active
7
$1,600,000

Home Details for 32490 VAN DYKE Avenue

Price
$1,600,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1950
Lot size acres
0.63
County
Macomb
Garage
Days on site
0
MLS Listing#
58050187507
Property Description

Discover a lucrative investment opportunity at the King Richard Motel! This charming 19-unit extended stay motel, along with one apartment, is strategically located on Van Dyke Ave with 229 feet of frontage, ensuring high visibility to over 52,000 passing vehicles daily. Renovated in 2024 at a cost exceeding $100,000, this property boasts modern amenities and a refreshed look. The conversion to an extended stay concept has significantly enhanced revenue prospects, with a gross income of $300,960 and a net income of $243,056, offering an exceptional cap rate of 14.3%. Convenient land contract terms are available for this C-1 zoned property, offering 0.63 acres of potential in a bustling commercial area surrounded by established national retail brands. With ample parking, room for expansion, and a prime location near major retailers, the King Richard Motel presents a remarkable investment opportunity for aspiring hospitality entrepreneurs or seasoned investors.

Property Features
  • Utilities
    • Cable Available
    • Electricity Available
    • Underground Utilities
    • Sewer Available
  • Cooling Information
    • Central Air
    • Window Unit(s)
  • Heating Information
    • None
  • Water Features
    • Public
  • Parking
    • Other
Listing Courtesy: Brookstone, Realtors LLC - 248-963-0505
Michigan Regional Information Center logo IDX provided courtesy of Realcomp II Ltd. via EXIT Realty and Realcomp MLS, ©2026 Realcomp II Ltd. Shareholders.
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Michigan Regional Information Center.
EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
Request more details
Code: