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    8525 Cole Dr Warren, MI 48093

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    For Sale
    $2,500,000

    138-unit multifamily project with approved Brownfield TIF in Warren, Michigan.

    Property size:
    7 SF
    Lot size:
    7.68 Acres

    Property Features for 8525 Cole Dr

    General Information

    Size
    7 SF
    Lot size
    7.68 Acres

    Source: Ron Goldstone Agent Ron Goldstone

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Entitled Multifamily Project Opportunity

    This is a fully entitled multifamily project consisting of 138 units, situated on 7.68 acres. The property includes 285 parking spaces. It has an approved $4.8 MM Brownfield TIF. The apartment opportunity is conveniently located in the heart of Downtown Warren and steps away from the GM Tech Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0198655
    Latitude
    42.5095932

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    FAQs

    What type of property is this?
    Land - 138-unit multifamily project with approved Brownfield TIF in Warren, Michigan.
    Where is this land located?
    The property is located at 8525 Cole Dr Warren, MI.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Fully entitled 138-unit multi-family project.; - Approved $4.8 MM Brownfield TIF.; - Located in the heart of Downtown Warren.
    (248) 351-4371
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    8525 Cole Dr Warren, MI 48093
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8525 Cole Dr Warren, MI 48093
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