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Property profile & analytics
OFF-MARKET Estimated value $2,670,000
Retail space

2003 12th Mile Rd Warren, MI 48092-5642

24,700 SF 2.69 ac lot Built 1959
Entity Owned Free & Clear
Property ID
US43-1494099
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1959
Total area 24,700 SF
Lot 2.69 ac (117,351 SF)
Zoning code MZ
APN 12-13-07-351-021
UPID US43-1494099
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.67M
Blend (final) Blend
$2.67M
Owner & transaction history
County Of Macomb
County Of Macomb
since 2025
2 recorded transactions
2025
Price N/A
2025
Price N/A
Zoning & alternative use
MZ · Warren, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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