Property profile

3708 W 11 Mile Rd Berkley, MI 48072

FOR SALE
Warehouses
Property ID
US43-1701298
5,759 SF 0.18 ac lot Built 1940
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Berkley, Michigan property, located at 3708, 3728 & 3750 W Eleven Mile Rd, offers a combined 18,399 square feet of versatile warehouse and retail space. Currently vacant and available for sale at $725,000 ($39.40/sq ft), this triple-building offering presents a significant opportunity for investors and businesses alike. The property boasts high visibility along the heavily trafficked Eleven Mile Road, ensuring excellent exposure for any tenant. Multiple parking lots provide ample space for customers and employees. The strategic location within a prime commercial area offers easy access to major highways, simplifying logistics and transportation. The buildings are well-suited for a variety of uses, benefiting from excellent signage opportunities and strong visibility. This NNN lease type provides a straightforward and cost-effective ownership structure. The property's size, location, and flexibility make it an ideal investment or operational base for a wide range of businesses. The Oakland County address (zip code 48072) provides access to a robust local economy and workforce. Don't miss this chance to acquire a highly visible and strategically located commercial property in a thriving Michigan market.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1940
Total area 5,759 SF
Lot 0.18 ac (7,841 SF)
Zoning code II
APN 04-25-18-376-032
UPID US43-1701298

Cap rate & NOI

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

Location

3708 W 11 Mile Rd Berkley, MI 48072
Berkley metro Census 170300 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
$310k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2016
Price N/A

Zoning & alternative use

II · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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