13007 10 Mile Rd, Warren, MI 48089
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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