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20477 Van Dyke St 2,705 SF 50% Leased Retail Building Detroit, MI 48234 $159,900 ($59.11/SF)
Investment Highlights
- Street-front visibility on Van Dyke Street with steady local traffic.
- Lot size of 0.21 acres offers functional frontage and signage opportunity.
- Accessible to major arterial roads linking to Downtown Detroit and I-94.
- Two-unit design suitable for multiple commercial or retail uses.
- Located in an established Detroit neighborhood with a strong consumer base.
- Built in 1956 with a traditional storefront style that supports easy reconfiguration.
Executive Summary
This two-unit commercial property offers a strong investment opportunity along a key commercial corridor in Detroit. Positioned on Van Dyke Street, the property benefits from a steady flow of both vehicular and pedestrian traffic, creating opportunities for retail or mixed-use concepts. With a lot size of approximately 0.21 acres and flexible commercial zoning potential, it is suitable for a range of neighborhood retail or service uses.
The building's well-maintained exterior and standard configuration make it a practical option for owner-users, local entrepreneurs, or investors seeking value in a highly accessible location. Van Dyke Street connects surrounding residential communities to Detroit's core, providing consistent demand and visibility. With proximity to major surface streets and regional transportation routes, the property offers convenience and appeal for customers and employees alike.
The building's well-maintained exterior and standard configuration make it a practical option for owner-users, local entrepreneurs, or investors seeking value in a highly accessible location. Van Dyke Street connects surrounding residential communities to Detroit's core, providing consistent demand and visibility. With proximity to major surface streets and regional transportation routes, the property offers convenience and appeal for customers and employees alike.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$12,000
|
$4.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$12,000
|
$4.44
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $4.44 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $4.44 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,705 SF
Building Class
C
Year Built/Renovated
1975/2019
Price
$159,900
Price Per SF
$59.11
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.22 AC
Zoning
B4 - Business
Parking
10 Spaces (3.7 Spaces per 1,000 SF Leased)
Frontage
100’ on Van Dyke St
Amenities
- Signage
- Storage Space
- Air Conditioning
- Smoke Detector
- Awning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Mcintosh & Sneed Tax Service
- Professional, Scientific, and Technical Services
- -
- -
- -
- Tax Time
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Mcintosh & Sneed Tax Service | Professional, Scientific, and Technical Services | - | - | - | ||
| Tax Time | - | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $108,100 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$108,100
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20477 Van Dyke St
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