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

    8525 Cole Dr Warren, MI 48093

    Sponsored
    For Sale
    $2,500,000

    138-Unit Apartment Project, 7.68 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 7.68-acre commercial land parcel in Warren, Michigan, presents a prime opportunity for multifamily development. Fully entitled for a 138-unit apartment complex, this project boasts an approved $4.8 million Brownfield Tax Increment Financing (TIF) plan, significantly reducing development costs. The site is ideally situated in the heart of downtown Warren, offering convenient access to amenities and employment centers. Its proximity to the GM Tech Center further enhances its appeal and potential for strong rental demand. The property includes ample parking with 285 spaces, ensuring convenient resident parking. Detailed plans for the 138-unit development are available upon request. This is a rare chance to acquire a fully entitled, shovel-ready project with substantial financial incentives, making it an attractive investment opportunity in a thriving Michigan market. The property's location at 8525 Cole Dr, Warren, MI 48093, in Macomb County, offers excellent visibility and accessibility. The substantial lot size and approved financing make this a compelling proposition for experienced developers seeking a high-return multifamily investment. All necessary approvals and entitlements are in place, minimizing development timelines and risks. This is a turnkey opportunity to capitalize on the strong demand for multifamily housing in the Warren area.

    Property Features for 8525 Cole Dr

    General Information

    Property type
    Land
    Lot Size
    334,541 SF

    HighLights

    • 7.68‑acre commercial land parcel in Warren, MI.
    • Fully entitled for a 138‑unit apartment complex.
    • Includes 285 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.019757
    Latitude
    42.509578

    Nearby Similar for Sale

    • $1,500,000
      9,500 SF

      Warren Industrial Properties For Sale

      Two M-2 zoned industrial buildings in Warren's green zone.
      12565 E 9 Mile Rd, Warren, MI 48089
      View Details
    • $500,000
      6,207 SF

      Turn-Key Banquet Hall For Sale

      Banquet hall for sale, ideal for events and hospitality.
      7231 Chicago Rd, Warren, MI 48092
      View Details
    • $274,900
      2,055 SF

      Renovated Commercial Building on Van Dyke

      Turnkey commercial building renovated in 2020, suitable for various businesses.
      21511 Van Dyke Ave, Warren, MI 48089
      View Details
    • $2,250,000
      41,055 SF

      Warren Commercial Property Near GM

      41,000+ sq ft building on 3.18 acres near GM Tech Center.
      30100 Van Dyke Ave, Warren, MI 48093
      View Details
    • $379,000
      3,450 SF

      Welding Metal Shop For Sale

      Thriving welding metal shop with equipment and real estate.
      13118 E Nine Mile Rd, Warren, MI 48089
      View Details
    • $775,000
      Pending

      Profitable Gas Station Opportunity, Warren

      Established Citgo gas station with convenience store in high-traffic location.
      22600 Dequindre Rd, Warren, MI 48091
      View Details
    • $40,000
      5,520 SF

      Established Jewelry Business Opportunity

      Turnkey jewelry business with showroom, fixtures, and loyal customer base.
      32879 Schoenherr Rd, Warren, MI 48088
      View Details
    • $1,150,000
      23,776 SF

      Warren Retail/Industrial Buildings on Highway

      Two buildings totaling 23,776 SF on 1.92 AC.
      24155 Groesbeck Hwy, Warren, MI 48089
      View Details
    • $475,000
      4,384 SF

      Established Auto Repair Business

      Successful auto repair business with real estate and residential unit.
      14447 E 9 Mile Rd, Warren, MI 48089
      View Details
    • $375,000
      800 SF

      Turnkey Restaurant on Busy 8 Mile

      Well-established restaurant with furniture, fixtures, and equipment included.
      14693 E 8 Mile Rd, Warren, MI 48089
      View Details
    • $250,000
      2,400 SF

      Versatile Commercial Property on 8 Mile

      2,400 sq ft commercial property on high-traffic 8 Mile Road.
      12433 E Eight Mile Rd, Warren, MI 48089
      View Details
    • $300,000
      1,890 SF

      Warren Commercial Building For Sale

      Commercial building in Warren, suitable for medical or office use.
      3750 E 12 Mile Rd, Warren, MI 48092
      View Details

    FAQs

    What type of property is this?
    Land - 138-Unit Apartment Project, 7.68 Acres
    Where is this land located?
    The property is located at 8525 Cole Dr Warren, MI.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 7.68-acre commercial land parcel in Warren, MI.; Fully entitled for a 138-unit apartment complex.; Includes 285 parking spaces.
    (248) 353-0500
    Request Owner's contact information
    8525 Cole Dr Warren, MI 48093
    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.
    8525 Cole Dr
    Warren, MI 48093
    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
    8525 Cole Dr Warren, MI 48093
    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.