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    OFF-MARKET
    Land

    13007 10 Mile Rd, Warren, MI 48089

    15 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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