Property profile

13007 10 Mile Rd Warren, MI 48089

OFF-MARKET
Land
15 ac lot
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Property summary

AI-generated overview

Exceptional investment opportunity: a 304-unit apartment complex situated on a 15-acre lot in Warren, Michigan. This fully entitled and shovel-ready Planned Unit Development (PUD) boasts a prime location abutting a new Meijer store and less than one mile south of the I-696 expressway, ensuring excellent logistics and high visibility. The development plan includes 132 one-bedroom, 133 two-bedroom, and 40 three-bedroom townhomes, along with 59 self-storage units (32 units sized 10'x10' and 27 units sized 20'x10'). The property is zoned PUD and features a significant $2,075,000+ Brownfield Infrastructure Improvement Credit, offering substantial financial advantages. The asking price is $3,300,000, translating to approximately $10,855.26 per unit. The property's APN is 12-13-23-451-004. This is a rare opportunity to acquire a large-scale, high-potential multifamily and self-storage development in a thriving Michigan market. The property's location and amenities make it an ideal investment for experienced developers and investors seeking strong returns.

Property profile

Verified
Property type Land
Lot 15 ac (653,400 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

13007 10 Mile Rd Warren, MI 48089
Warren metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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