1950 12th Mile Rd Warren, MI 48092-2417
Property profile & analytics
1950 12th Mile Rd Warren, MI 48092-2417
- Grocery and convenience stores
- 1,334 SF
- 0.39 lot acres
Property ID
US43-0473303
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Grocery and convenience stores
Property Details for 1950 12th Mile Rd
- Year built
- 1959
- Lot size
- 0.39 lot acres
- Property size
- 1,334 SF
- Zone code
- MZ
- Property type
- Grocery and convenience stores
- APN
- 12-13-18-101-001
- APU
- 121318101001
Description
This exceptional investment opportunity presents a single-tenant Sunoco gas station and convenience store located at 1950 E 12 Mile Rd, Warren, MI 48092. The property, situated on a highly visible 0.55-acre corner lot at the intersection of 12 Mile Road and Dequindre Road in Macomb County, boasts a strong location within a busy commercial area. Built in 1959, this retail property features a long-term lease with a national tenant, Sunoco, providing a stable income stream. The current lease commenced June 23, 2015, and expires April 1, 2029, leaving approximately 4.4 years remaining. The property enjoys 100% occupancy and minimal landlord responsibilities, making it an attractive investment for passive income seekers. The Net Operating Income (NOI) is $52,453, resulting in a compelling 5.52% capitalization rate. The asking price for this well-established business is $950,000. This property benefits from excellent visibility and high traffic counts on both sides of the road, making it an ideal retail or vehicle-related investment. The property's strategic location and prominent presence in the market offer significant business potential. The parcel number is 12-13-18-101-001.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0852
- Latitude
- 42.5049
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$8,629
$0.00
$0.00
$160,300
-
$0.00
$0.00
$320,600
