2003 12th Mile Rd Warren, MI 48092-5642
This exceptional 25,200 square foot retail storefront property, located at 2003 E 12 Mile Rd in Warren, Michigan, presents a significant redevelopment opportunity. Situated on a substantial 2.7-acre lot, the property boasts a prime location with high traffic counts. The existing building consists of three units within a single, one-story structure. Currently, the property includes a former 15,200 square foot Rite Aid with a drive-thru, a 7,000 square foot carpet store, and an additional 3,000 square feet of vacant space. This versatile space offers a unique chance to capitalize on the high visibility and pedestrian traffic along E 12 Mile Road, which sees an average daily traffic count of 23,200 vehicles. The adjacent Dequindre Road boasts even higher traffic volume, averaging 34,800 vehicles daily. The property is zoned C-1 Local Business, allowing for a wide range of commercial uses. This presents an excellent investment opportunity for developers or businesses seeking a high-traffic location in a thriving area of Oakland County, Michigan. The property's size and location make it ideal for a variety of retail or commercial ventures. The APN is 08-14-16-151-006 and the zip code is 48092.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MZ · Warren, MIWarren. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.