Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3490 12 Mile Rd Berkley, MI 48072

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,900,000

    Over two and a half acres in downtown Berkley.

    Property size:
    69,878 SF
    Lot size:
    1.47 Acres

    Property Features for 3490 12 Mile Rd

    General Information

    Size
    69,878 SF
    Lot size
    1.47 Acres

    Source: Tuscola Realty Agent Jessica Spencer

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

    Overview

    Prime Land in Downtown Berkley

    This property presents a business opportunity in downtown Berkley, offering over two and a half acres of space. The location is highly visible with multiple parking lot entrances, providing easy access and convenience. Situated within walking distance of Royal Oak Beaumont and just seconds from Woodward Avenue, the property benefits from its location in Berkley, a vibrant and active community with 15,366 residents and daily visitors. The property is easily accessible for deliveries and features a parking garage. According to the city plan proposal, the space is intended for development as luxury high-rise condominiums with shops and dining at street level. The property encompasses 69878 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Berkley
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1950443
    Latitude
    42.5032148

    Nearby Similar for Sale

    • $335,000
      1,204 SF

      Updated Duplex in Berkley

      Updated duplex in quiet neighborhood, ideal for investment or house-hacking.
      2027 Princeton Rd, Berkley, MI 48072
      View Details
    • New
      $459,000
      1,200 SF

      Berkley Retail Opportunity

      Retail property in downtown Berkley with parking and updated interior.
      2680 Coolidge Hwy, Berkley, MI 48072
      View Details
    • $3,600,000
      9,463 SF

      Prime Retail Location with Business

      Freestanding building with parking, business, and investment opportunity.
      2200 W 11 Mile Rd, Berkley, MI 48072
      View Details
    • $349,900

      Downtown Berkley Retail Opportunity

      Retail or office space in downtown Berkley with parking.
      4111 12 Mile Rd, Berkley, MI 48072
      View Details
    • $479,900

      Prime Retail Location in Berkley

      Retail or office space in downtown Berkley with high traffic.
      4105 12 Mile Rd, Berkley, MI 48072
      View Details
    • Contact for pricing
      1,550 SF

      Remodeled Retail Space on Woodward

      Remodeled retail space with parking in high-traffic area.
      27827 Woodward Ave, Berkley, MI 48072
      View Details

    FAQs

    What type of property is this?
    Commercial land - Over two and a half acres in downtown Berkley.
    Where is this commercial land located?
    The property is located at 3490 12 Mile Rd Berkley, MI.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: - Largest available space: over 2.5 acres in Downtown Berkley.; - High visibility with multiple parking lot entrances.; - City plan proposal for luxury high-rise condominiums with shops and dining.
    (989) 871-4321
    Request Owner's contact information
    3490 12 Mile Rd Berkley, MI 48072
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3490 12 Mile Rd
    Berkley, MI 48072
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3490 12 Mile Rd Berkley, MI 48072
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.