13007 10 Mile Rd Warren, MI 48089
- Land
- 15.00 lot acres
Current Use by Public Records
- Land
Property Details for 13007 10 Mile Rd
- Lot size
- 15.00 lot acres
- Property type
- Land
- Property subtype
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Macomb
- State
- Michigan
- Longitude
- -82.99
- Latitude
- 42.4782
