Freestanding Retail
New
For Sale
Contact for pricing
3145 12 Mile Rd, Berkley, MI 48072
Downtown District zoning accommodates retail, restaurant, office, and service uses.
Property Size4,000 SF
Price / SF$212.25
Days on Market4
Property Features for 3145 12 Mile Rd
General Information
Standard status
Active
Size
4,000 SF
Property subtype
RETAIL
Zoning
Downtown District
Site & Location
Corner Location
Yes
Highway Access
Yes
Building Details
Buildings
1
Listing Agency:
Landmark Commercial Real Estate Services
Listed By:
Anthony Vitale · License #6505422306
(248) 488-2620
Source:
Moodyscre
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 12:08PM
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 Landmark Commercial Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding retail building contains 4,000 square feet and sits at 12 Mile Road and Griffith Avenue, where the roads meet at a signalized intersection. Storefront parking is available, with municipal parking behind the property. Downtown District zoning accommodates retail, restaurant, office, and service uses.
The Berkley property is a short drive from I-696, I-75, and Woodward Avenue (M-1). More than 315,000 residents live within five miles.
The Berkley property is a short drive from I-696, I-75, and Woodward Avenue (M-1). More than 315,000 residents live within five miles.
Key Highlights
- 4,000‑square‑foot freestanding retail building
- At the signalized intersection of 12 Mile Road and Griffith Avenue
- Storefront parking plus municipal parking behind the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,042
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,840
$860.8K
Cap Rate 7%
$614,886
$614.9K
Cap Rate 9%
$478,244
$478.2K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$67.2K $16.80/SF
− Vacancy
−$5.7K −$1.43/SF
EGI
$61.5K $15.37/SF
− OpEx
−$18.4K −$4.61/SF
NOI
$43.0K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,840
Cap Rate 7%
$614,886
Cap Rate 9%
$478,244
Alternative Uses
Best Use
Retail
$614.9K
$538.0K – $717.4K
NOI $43,042 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$862.8K
$754.9K – $1.01M
NOI $60,394 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Endless Flowers — 3678 W Eleven Mile Rd, Berkley, MI 48072
Frequently Asked Questions
What type of property is this?
Storefront property - Downtown District zoning accommodates retail, restaurant, office, and service uses.
Where is this storefront property located?
The property is located at 3145 12 Mile Rd Berkley, MI.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 4,000‑square‑foot freestanding retail building; At the signalized intersection of 12 Mile Road and Griffith Avenue; Storefront parking plus municipal parking behind the property
