Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $4,770,000
    Super regional malls

    2388 Cole St, Birmingham, MI 48009-7021

    16,044 SF 0.5 ac lot Built 1962
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-5266460
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 1962
    Total area 16,044 SF
    Lot 0.5 ac (21,780 SF)
    Zoning code II
    APN 08-20-31-402-002
    UPID US43-5266460
    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
    $3.73M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $4.77M
    Owner & transaction history
    Cole Street Propco LLC · 3 yrs held
    Cole Street Propco LLC
    since 2022
    Last sale
    $6.0M
    6 recorded transactions
    2022
    $6.0M
    2006
    $1.0M
    2006
    $1.5M
    2006
    2005
    1969
    Zoning & alternative use
    II · Birmingham, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 2388 Cole St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message