2388 Cole St, Birmingham, MI 48009-7021
This exceptional 5,030 square foot commercial space, located at 2388 Cole Street in Oakland County's vibrant Rail District, presents a unique investment opportunity. The property is a single-tenant building offering a flexible layout ideal for various uses, including traditional, medical, creative, or executive office space, as well as retail. The building's total square footage is 20,062 square feet, with 5,030 square feet currently vacant and ready for immediate occupancy. The vacant space is strategically divided across two floors: a first-floor area of 850 square feet and a larger second-floor area of 4,180 square feet. Previously occupied by a salon, the space boasts a modern, industrial aesthetic featuring open ceilings, providing a blank canvas for customization to suit a wide range of business needs. The Rail District itself is a dynamic and revitalized area in the heart of Birmingham, blending historic charm with contemporary appeal, making it an attractive location for businesses seeking a blend of character and modern amenities. This property offers a rare opportunity to establish a presence in a thriving and sought-after neighborhood. The property type is listed as Retail and Office.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
II · Birmingham, MIBirmingham. 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.