Property profile

3142 Coolidge Hwy Berkley, MI 48072

OFF-MARKET
Warehouses
Property ID
US43-0934644
5,408 SF 0.18 ac lot Built 1949
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,635 square foot multi-use property, located at 3142 Coolidge Highway in Berkley, Michigan, presents a unique investment opportunity. Situated in Oakland County, this versatile space offers a blend of retail, office, and industrial uses, currently configured as a medical office and warehouse. The property boasts a total of 18 parking spaces and four convenient drive-in bays, ensuring ample parking for tenants and clients. The building is currently fully vacant, providing a blank canvas for a new tenant or a portfolio of tenants. Flexible lease terms are available for spaces ranging from a minimum of 2,227 square feet to a maximum contiguous space of 5,408 square feet. Multiple tenancy options are available, making this property ideal for a variety of businesses seeking a prominent location in a thriving community. The property's strategic location in Berkley, MI, zip code 48072, offers excellent visibility and accessibility. This is a rare opportunity to secure a substantial, well-located property with significant potential for growth and return on investment. The property's diverse zoning allows for a wide range of uses, making it an attractive option for businesses seeking a flexible and adaptable space. Contact us today to learn more about this exciting opportunity and schedule a viewing.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1949
Total area 5,408 SF
Lot 0.18 ac (7,841 SF)
Zoning code BI
APN 04-25-17-105-005
UPID US43-0934644

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office

Location

3142 Coolidge Hwy Berkley, MI 48072-1632
Berkley metro Census 170000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$555k

Owner & transaction history

since 2018
2 recorded transactions
2018
$600,000
2015
Price N/A

Zoning & alternative use

BI · Berkley, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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