Remodeled Café Restaurant with
For Sale
Contact for pricing
2959 12 Mile Rd, Berkley, MI 48072
Completely remodeled in 2022, this 3,360 SF café restaurant includes a full kitchen and public parking at the rear.
Property Size3,360 SF
Price / SF$1.00
Days on Market161
Property Features for 2959 12 Mile Rd
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Retail
Building Details
Year Renovated
2022
Listing Agency:
Detroit
Listed By:
Ben Hubert · License #6502385681
(248) 226-1864
Source:
Colliers
Added: May 14
Changed: Oct 14
Last Checked: Oct 20 at 5:09PM
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 Detroit
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Investment Insights
Based on property information with market context.
This 3,360 SF Be Well LifeStyle Center Café Restaurant offers a full kitchen and was completely remodeled in 2022. The building is configured for restaurant use and operates as a café concept within the lifestyle center setting.
Located at 2959 12 Mile Rd in Berkley, the property sits directly across from the Berkley Theater. Public parking is available in the rear and along 12 Mile Road, supporting convenient customer access.
The offering includes a restaurant-ready interior with kitchen improvements completed as part of the 2022 remodel, providing an established baseline for food service operations.
Located at 2959 12 Mile Rd in Berkley, the property sits directly across from the Berkley Theater. Public parking is available in the rear and along 12 Mile Road, supporting convenient customer access.
The offering includes a restaurant-ready interior with kitchen improvements completed as part of the 2022 remodel, providing an established baseline for food service operations.
Key Highlights
- 3,360 SF Be Well LifeStyle Center Café Restaurant with full kitchen
- Completely remodeled in 2022
- Downtown Berkley location across from the Berkley Theater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,731
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,620
$1.0M
Cap Rate 7%
$724,729
$724.7K
Cap Rate 9%
$563,678
$563.7K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$72.6K $21.60/SF
− Vacancy
−$4.9K −$1.47/SF
EGI
$67.6K $20.13/SF
− OpEx
−$16.9K −$5.03/SF
NOI
$50.7K $15.10/SF
Area
Oakland County, MI
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,620
Cap Rate 7%
$724,729
Cap Rate 9%
$563,678
Alternative Uses
Best Use
Specialty Retail
$724.7K
$634.1K – $845.5K
NOI $50,731 @ 7.0% cap · market cap 1,509.85%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 35%
Taco Bell
Dining
15,399 visits/mo
0.4 miles
Little Caesars Pizza
Dining
8,826 visits/mo
0.5 miles
Marathon
Shops & Services
7,410 visits/mo
0.5 miles
Sunoco
Shops & Services
5,884 visits/mo
0.4 miles
PNC Bank
Shops & Services
5,223 visits/mo
0.4 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Completely remodeled in 2022, this 3,360 SF café restaurant includes a full kitchen and public parking at the rear.
Where is this conventional restaurant located?
The property is located at 2959 12 Mile Rd Berkley, MI.
What are key features of this property?
This property features: 3,360 SF Be Well LifeStyle Center Café Restaurant with full kitchen; Completely remodeled in 2022; Downtown Berkley location across from the Berkley Theater
