3490 12th Mile Rd, Berkley, MI 48072-1346
This exceptional 69,878 square foot industrial property, situated on a 2.6-acre lot in the heart of Berkley, MI, presents a rare investment opportunity. Its highly visible location on 12 Mile Road offers unparalleled accessibility and exposure, with multiple parking lot entrances ensuring convenient access for both employees and customers. The property boasts easy access to Woodward Avenue and is within walking distance of Royal Oak Beaumont, placing it in a vibrant and densely populated area with 15,366 residents and significant daily foot traffic. The expansive space is adaptable to a variety of uses, making it an ideal candidate for redevelopment. The property uniquely includes a parking garage, a significant advantage in this location. The city's plan proposes developing the site into a luxury high-rise condominium complex with ground-level retail, showcasing the immense potential for future development. This is a truly unique opportunity to acquire a substantial industrial property in a thriving community with significant upside potential. The property's size, location, and adaptability make it a compelling investment for discerning buyers seeking a high-impact asset in a prime location. The existing structure offers immediate occupancy potential, while the zoning and location provide a clear path for future development.
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
BV · Berkley, MIBerkley. 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.