Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Bar and Gaming Headquarters Title is generated by Realmo AI

    3961-3995 W 12 Mile Rd, Berkley, MI 48072

    View on Map
    Claim this Listing
    For Sale
    $900,000

    Substantial bar-focused building with ample parking and included liquor license, plus upstairs storage space for operators.

    Type:Retail
    Property size:
    7,365 SF
    Price / SF:
    $122/SF
    Added:
    May 21, 2026
    Days on Market:
    15
    Last Refresh:
    Jun 3 at 1:49 am

    Property Features for 3961-3995 W 12 Mile Rd

    General Information

    Standard status
    Active
    Size
    7,365 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1946

    We can help!

    Listing Contact
    Richard Pifer
    Richard Pifer

    Listing agent Richard Pifer License #6501388318

    Listing office Signature Associates - Southfield

    Listing date May 21, 2026

    Source Cpix.resimplifi

    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 Signature Associates - Southfield

    HighLights

    • Year built 1946
    • Former gaming HQ with a bar
    • Includes liquor license with the property
    • Ample on‑site parking
    • Additional 5,300 sq. ft. upstairs storage space

    Overview

    This property is a former gaming headquarters with an attached bar, offered as a large, ready-to-operate hospitality building. It includes additional upstairs space dedicated to storage, providing room to support back-of-house operations beyond the main bar area.

    Situated along the Berkley 12 Mile Road corridor, the building benefits from strong curb appeal and visibility for passing traffic. Ample on-site parking supports convenient customer access and helps accommodate busy nights and events.

    The combination of a bar-and-gaming configuration, ample parking, and an included liquor license makes this an appealing opportunity for an experienced operator looking to open, expand, or rebrand without starting from scratch. The extra upstairs storage can be valuable for maintaining inventory and supplies onsite. For investors, the property’s prominence along a major road can support an assignment to a hospitality use that benefits from walk-in and drive-by demand, while providing flexibility for continued use as a bar setting.
    Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Water Tower Social District — 14700 Kingston St, Oak Park, MI 48237
    • El Bar de Confianza — W Eleven Mile Rd, Southfield, MI 48237
    • Pinspiration — 2733 coolidge hwy, berkley, mi 48072
    • Oak Park Social — 14691 W Eleven Mile Rd, Oak Park, MI 48237
    • Mr J's Sports Bar & Grill — 2859 Coolidge Hwy, Berkley, MI 48072

    Location Insight

    • Map
    • Local Demand
    City
    Berkley
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1863
    Latitude
    42.4977

    Nearby Similar for Sale

    • $459,000
      1,200 SF

      Berkley Retail Opportunity

      Retail property in downtown Berkley with parking and updated interior.
      2680 Coolidge Highway, Berkley, MI 48072
      View Details
    • $300,000
      1,336 SF

      Well-Maintained Duplex in Berkley

      Duplex in desirable location, ideal for investors or owner-occupants.
      2960 Kenmore Road, Berkley, MI 48072
      View Details
    • $725,000

      Freestanding Building in Downtown Berkley

      Freestanding building in downtown Berkley with parking and potential.
      3142 Coolidge Highway, Berkley, MI 48072
      View Details
    • $497,000

      Berkley Duplex Near Catalpa/Woodward

      Rare Berkley duplex, great location near Catalpa/Woodward Ave.
      1265-1275 Franklin Rd, Berkley, MI 48072
      View Details
    • $497,000

      Berkley Duplex Near Woodward Avenue

      Rare duplex in prime location, ideal for investment or rental.
      1247-1257 Franklin Rd, Berkley, MI 48072
      View Details
    • $1,142,000

      Retail Property in Downtown Berkley

      Retail property for sale in downtown Berkley with parking.
      2860, 2870, 2880 Coolidge Highway | Berkley, MI 48072
      View Details
    • $725,000
      5,408 SF

      Downtown Berkley Freestanding Building

      Freestanding building in downtown Berkley with parking and potential restaurant.
      3142 Coolidge Highway, Berkley, MI 48072
      View Details
    • $2,500,000

      Retail Space For Sale

      Retail space available for purchase.
      27861 Woodward Ave, Berkley, MI 48072
      View Details
    • $440,000
      1,550 SF

      Remodeled Retail Space on Woodward

      Remodeled retail space with parking in high-traffic area.
      27827 Woodward Ave, Berkley, MI
      View Details
    • $1,142,000

      Retail Space For Sale

      Retail space available for purchase.
      2860, 2870, 2880 Coolidge Highway, Berkley, MI 48072
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Substantial bar-focused building with ample parking and included liquor license, plus upstairs storage space for operators.
    Where is this bar & pub located?
    The property is located at 3961-3995 W 12 Mile Rd Berkley, MI.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Year built 1946; Former gaming HQ with a bar; Includes liquor license with the property
    (248) 799-3158
    We can help!
    Listing Contact
    Richard Pifer
    Richard Pifer
    Real Estate License ID: 6501388318
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3961-3995 W. 12 Mile Rd, Berkley, MI 48072
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!