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Van Dyke Extended Stay 28710 Van Dyke Ave 20 Room Hotel Warren, MI 48093 $2,200,000 ($110,000/Room) 10.79% Cap Rate
INVESTMENT HIGHLIGHTS
- Restaurant signed new 3 year lease
- 240 FT' of Frontage on Van Dyke Ave
- Parking lot resurfaced August 2025
EXECUTIVE SUMMARY
**RARE INVESTMENT OPPORTUNITY:** Located at 28710 Van Dyke Ave, Warren, MI 48093, this exceptional property is a true gem in the heart of Warren, Michigan. Featuring a 20-Unit Extended Stay Motel, House, Restaurant, and Apartment, this recession-proof and pandemic-proof investment offers a lucrative endeavor for savvy investors. Situated on 0.88 acres with 246' of frontage on Van Dyke Avenue, this property boasts a prime location in a retail corridor surrounded by national tenants and close to Warren's prominent manufacturing and automotive facilities. With a daily vehicle count of 75,000, multiple points of ingress/egress, and 30,000 employees within a one-mile radius, this property presents an incredible opportunity for growth and profit. Highlights include a cap rate of 10.79%, recent renovations in 2022, including parking lot resurfacing and restaurant updates with a new 3-year lease, on-site manager 24/7, ample parking with 40 spaces, and excellent demographics. Don't miss out on this turnkey investment!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$339,696
|
$46.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$339,696
|
$46.31
|
| Taxes |
$15,000
|
$2.04
|
| Operating Expenses |
$87,000
|
$11.86
|
| Total Expenses |
$102,000
|
$13.91
|
| Net Operating Income |
$237,696
|
$32.41
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $339,696 |
| Annual Per SF | $46.31 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $339,696 |
| Annual Per SF | $46.31 |
| Taxes | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $2.04 |
| Operating Expenses | |
|---|---|
| Annual | $87,000 |
| Annual Per SF | $11.86 |
| Total Expenses | |
|---|---|
| Annual | $102,000 |
| Annual Per SF | $13.91 |
| Net Operating Income | |
|---|---|
| Annual | $237,696 |
| Annual Per SF | $32.41 |
PROPERTY FACTS
AMENITIES
- Restaurant
- Wheelchair Accessible
- On-Site Retail
- Smoke Detector
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 20 | $46.00 | - |
PROPERTY TAXES
| Parcel Number | 12-13-15-103-001 | Total Assessment | $201,290 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $15,000 ($2.04/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
12-13-15-103-001
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$201,290 (2025)
Annual Taxes
$15,000 ($2.04/SF)
Tax Year
2024
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Van Dyke Extended Stay | 28710 Van Dyke Ave
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