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Property profile & analytics
OFF-MARKET
Commercial real estate

3490 12th Mile Rd Berkley, MI 48072-1346

0.6 ac lot
Entity Owned ~ Est. High Equity
Property ID
US43-0934529
Property summary
AI-generated overview

This exceptional 69,878 square foot industrial property, situated on a 2.6-acre lot in the heart of Berkley, MI, presents a rare investment opportunity. Its highly visible location on 12 Mile Road offers unparalleled accessibility and exposure, with multiple parking lot entrances ensuring convenient access for both employees and customers. The property boasts easy access to Woodward Avenue and is within walking distance of Royal Oak Beaumont, placing it in a vibrant and densely populated area with 15,366 residents and significant daily foot traffic. The expansive space is adaptable to a variety of uses, making it an ideal candidate for redevelopment. The property uniquely includes a parking garage, a significant advantage in this location. The city's plan proposes developing the site into a luxury high-rise condominium complex with ground-level retail, showcasing the immense potential for future development. This is a truly unique opportunity to acquire a substantial industrial property in a thriving community with significant upside potential. The property's size, location, and adaptability make it a compelling investment for discerning buyers seeking a high-impact asset in a prime location. The existing structure offers immediate occupancy potential, while the zoning and location provide a clear path for future development.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.6 ac (26,136 SF)
Zoning code BV
APN 04-25-07-384-041
UPID US43-0934529
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Hartfields Realty & Leasing Co
Hartfields Realty & Leasing Co
1 recorded transaction
1969
Price N/A
Zoning & alternative use
BV · Berkley, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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