Mixed-Use Property with Diverse
1695 W 12 Mile Rd, Berkley, MI 48072
For Sale
Contact for pricing
Nine of the property’s ten units are occupied, including space leased to medical users.
Property SizeContact for details
Days on Market26
Property Features for 1695 W 12 Mile Rd
General Information
Standard status
Property subtype
Additional Details
Office Units
Tenant in Place
Property Use
Building Details
Tenancy
Listing Agency:
CBRE
Listed By:
David Hesano · License MI #6501300653
(248) 351-2014
Source:
Crexi
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 3:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The mixed-use property at 1695 W 12 Mile Rd in Berkley contains ten units, with nine occupied. Tenants include KinderCare, Eight14 Commercial Real Estate, and multiple medical users. KinderCare’s lease runs through March 2036 and includes multiple renewal options.
The weighted average lease term exceeds four and a half years. The property is in Berkley, Michigan, at W 12 Mile Rd.
The weighted average lease term exceeds four and a half years. The property is in Berkley, Michigan, at W 12 Mile Rd.
Key Highlights
- Nine of 10 units are occupied
- Tenants include KinderCare, Eight14 Commercial Real Estate, and multiple medical users
- KinderCare’s lease extends through March 2036, with multiple renewal options
Property Analytics
Current Use
Lease Details
10
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
Explore this area
Business Placement
Demographics for 48072, MI
15,194
Population
7,068
Households
2.1
Avg Household Size
38
Median Age
58%
College-Educated
99%
High-School Grad
2.4 sq mi
ZIP Area
6,331
Density / Sq Mi
$113,103
Median Household Income
$68,818
Median Earnings
$1,436
Median Rent
$289,200
Median Home Value
Market
Properties on Market for Mixed-use properties in Oakland County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Nine of the property’s ten units are occupied, including space leased to medical users.
Where is this mixed-use property located?
The property is located at 1695 W 12 Mile Rd Berkley, MI.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: Nine of 10 units are occupied; Tenants include KinderCare, Eight14 Commercial Real Estate, and multiple medical users; KinderCare’s lease extends through March 2036, with multiple renewal options
