Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2100 Twelve Mile Rd Warren, MI 48092

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Former Bank, 6,000 SF, Drive-Thru

    Lot size:
    6,000 SF

    Property Features for 2100 Twelve Mile Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF

    Spaces For Lease

    at 2100 Twelve Mile Rd, Warren, MI 48092 Contact us

    We can help!

    Listing Contact
    Jason Orow
    Jason Orow

    Listing Agency: Keystone Commercial Real Estate Listing Agent: Jason Orow

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional freestanding retail property, located at 2100 Twelve Mile Road in Warren, presents a unique investment opportunity. The building, formerly a bank, offers a substantial 6,000 square feet of space, currently entirely vacant and ready for immediate occupancy. Its convenient location on Twelve Mile Road ensures high visibility and accessibility for potential tenants. A significant advantage is the inclusion of a drive-thru, a highly desirable feature for many retail businesses, particularly those focused on quick transactions or customer convenience. The single-tenant configuration provides flexibility and control for the owner or lessee. The building's ample square footage allows for a variety of retail uses, making it an attractive prospect for businesses seeking a prominent location with excellent street frontage. The property is available for both sale and lease, offering options to suit diverse investment strategies. This is an exceptional opportunity to acquire a well-situated, versatile retail space with a valuable drive-thru feature in a thriving Warren commercial district. Serious inquiries are encouraged to explore the possibilities this property offers. The property is classified as retail and specifically as a former bank. The building's size and location make it an ideal candidate for a variety of retail businesses. The vacant status allows for immediate customization to suit a new tenant's needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0813238
    Latitude
    42.5047019

    Nearby Similar for Lease

    • $2,500 /Mo
      3,500 SF

      Turnkey Medical Office in Warren

      Move-in ready 3,500 sq ft medical office for lease.
      25932 Dequindre Rd, Warren, MI 48091
      View Details
    • $4,000 /Mo
      616 SF

      Turnkey Restaurant Space Available

      Ready-to-operate diner/take-out restaurant for lease in Warren, MI.
      14693 E Eight Mile Rd, Warren, MI 48089
      View Details
    • $650 /Mo
      3,900 SF

      Office Suites For Rent

      Office suites available for rent with private bathrooms.
      27440 Hoover Rd, Warren, MI 48093
      View Details
    • $1,800 /Mo
      13,433 SF

      Professional Office Space For Lease

      Clean, furnished office space in high-visibility location with utilities included.
      30521 Schoenherr Rd, Warren, MI 48088
      View Details
    • New
      $5,568 /Mo
      4,455 SF

      Freestanding Building on Van Dyke

      Newer construction with great exposure and flexible zoning.
      27333 Van Dyke Ave, Warren, MI 48093
      View Details
    • Sponsored
      Contact for pricing

      MI, Madison Heights - Dequindre Rd

      Discover many ways to work your way in Brookfield Square
      27301 Dequindre Rd, Warren, MI 27301
      View Details
    • $15 SF/Yr
      142,950 SF

      High-Rise Office Space Available

      Premier office building in Macomb County, move-in ready options.
      30500 Van Dyke Ave, Warren, MI 48093
      View Details
    • $1,500 /Mo

      Office/Retail Space in Warren

      2,000 sqft space suitable for office or retail use.
      15093 E 13 Mile Rd, Warren, MI 48088
      View Details
    • $949 /Mo

      Retail Space in Updated Building

      Retail space available in updated commercial building, flexible square footage.
      25141 Hoover Rd, Warren, MI 48089
      View Details
    • $10 SF/Yr
      2,222 SF

      Medical Office Space Available

      Move-in ready medical suites with signage opportunities near St. John’s.
      11250 13 Mile Rd, Warren, MI 48093
      View Details
    • $13 SF/Yr
      2,250 SF

      Retail Space For Lease

      Retail spaces available for lease at Frazho Plaza.
      26030-26124 Groesbeck Hwy, Warren, MI 48089
      View Details
    • $17 SF/Yr
      3,800 SF

      Class A Medical Office Space

      High visibility medical office near Ascension Macomb, quick highway access.
      27450-27472 Schoenherr Rd, Warren, MI 48088
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Former Bank, 6,000 SF, Drive-Thru
    Where is this individual retail property located?
    The property is located at 2100 Twelve Mile Rd Warren, MI.
    What are key features of this property?
    This property features: 6,000 SF freestanding retail building.; Single-tenant occupancy.; Former bank building with drive-thru.
    (248) 356-8000 Call to check price and availability
    Request Owner's contact information
    2100 Twelve Mile Rd Warren, MI 48092
    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.
    2100 Twelve Mile Rd
    Warren, MI 48092
    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
    2100 Twelve Mile Rd Warren, MI 48092
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Orow
    Jason Orow
    Real Estate License ID: 6501379713
    (248) 356-8000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!