Certainly! Here's the updated description in paragraph form:
SP Capital Group is pleased to exclusively represent the sale of 32373-32405 Van Dyke Ave, Warren, MI, an exceptional 8,549 square foot retail building located in the highly trafficked Detroit Metro area. This single-story, multi-unit retail center sits on a 1.12-acre lot and offers ample parking with 73 spaces, ensuring both convenience and accessibility for tenants and customers alike. The property features four retail units, two of which are occupied by stable tenants on NNN leases. Diabella's Restaurant and Cottage Inn Pizza have long-term leases, providing a solid income stream, while the other two units are currently vacant, presenting significant upside potential for new tenants.
The property is strategically positioned near residential neighborhoods, national retailers, and key roadways such as I-94, I-75, and I-696, providing exceptional visibility and accessibility. With 56,400 vehicles passing by daily along Van Dyke Ave, this location benefits from high foot traffic and is in close proximity to restaurants, shopping centers, schools, parks, and downtown Detroit. The property also boasts a current NOI of $181,452, with a projected NOI of $269,052 once the vacant units are leased.
This property represents an outstanding opportunity for investors seeking a stable, income-generating asset with the potential for significant upside. With its prime location, long-term tenants, and future leasing potential, it’s an attractive option for both seasoned investors and newcomers to the area. For more information please contact us directly.