32490 VAN DYKE AVE Warren MI 48093 MLS #58050187507

32490 VAN DYKE AVE
Warren, MI, 48093
$1,600,000
Beds
0 Baths
0 SqFt
0.63 Acres
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MLS #58050187507 image #0
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 Details

Price:
$1,600,000
MLS #:
58050187507
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Business and Real Estate
Neighborhood:
03131warren
Listed Date:
Sep 5, 2025
Total Sq Ft:
5,074
Year Built:
1950
Short Sale03131 – Warren03131warrenWarrencon

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Schools

School District:
WarrenCon

Interior

Cooling
Central Air, Window Units
Flooring
Carpet, Vinyl
Levels
Story11

Exterior

Accessibility Features
Accessible Entrance
Building Features
BusServiceToSite, DisabledAccess, OutsideStorage, Fixtures, HighSpeedInternetAvailable, CeilingHeightLessthan16ft, CableInternetInstalled, LivingQuarters, LivingQuartersAttached
Construction Materials
Brick
Parking Features
Other
Roof
Shingle

Financial

Map

Community

Subdivisions in Warren

Market Summary

Current real estate data for Commercial in Warren as of Apr 11, 2026
22
Commercial Listed
204
Avg DOM
154
Avg $ / SqFt
$1,198,259
Avg List Price

Property Summary

    32490 VAN DYKE AVE Warren MI is a Commercial for sale in Warren, MI, 48093. It is listed for $1,600,000 To schedule a showing of MLS#58050187507 at 32490 VAN DYKE AVE in Warren, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.

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32490 VAN DYKE AVE
Warren, MI