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Van Dyke Extended Stay 28710 Van Dyke Ave 20 Room Hotel Warren, MI 48093 $3,045,900 CAD ($152,295 CAD/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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$470,309
|
$64.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$470,309
|
$64.12
|
| Taxes |
$20,768
|
$2.83
|
| Operating Expenses |
$120,452
|
$16.42
|
| Total Expenses |
$141,219
|
$19.25
|
| Net Operating Income |
$329,090
|
$44.87
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $470,309 |
| Annual Per SF | $64.12 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $470,309 |
| Annual Per SF | $64.12 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,768 |
| Annual Per SF | $2.83 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $120,452 |
| Annual Per SF | $16.42 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $141,219 |
| Annual Per SF | $19.25 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $329,090 |
| Annual Per SF | $44.87 |
PROPERTY FACTS
AMENITIES
- Restaurant
- Wheelchair Accessible
- On-Site Retail
- Smoke Detector
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 20 | $63.69 CAD | - |
PROPERTY TAXES
| Parcel Number | 12-13-15-103-001 | Total Assessment | $278,686 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $20,768 CAD ($2.83 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
12-13-15-103-001
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$278,686 CAD (2025)
Annual Taxes
$20,768 CAD ($2.83 CAD/SF)
Tax Year
2024
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Van Dyke Extended Stay | 28710 Van Dyke Ave
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