8525 Cole Dr Warren, MI 48093

Property Details for 8525 Cole Dr

Lot size

7.68 lot acres

Zone code

MZ

Property type

Commercial real estate

APN

12-13-10-376-006

APU

121310376006

Description

This exceptional 7.68-acre commercial land parcel in Warren, Michigan, presents a prime opportunity for multifamily development. Fully entitled for a 138-unit apartment complex, this project boasts an approved $4.8 million Brownfield Tax Increment Financing (TIF) plan, significantly reducing development costs. The site is ideally situated in the heart of downtown Warren, offering convenient access to amenities and employment centers. Its proximity to the GM Tech Center further enhances its appeal and potential for strong rental demand. The property includes ample parking with 285 spaces, ensuring convenient resident parking. Detailed plans for the 138-unit development are available upon request. This is a rare chance to acquire a fully entitled, shovel-ready project with substantial financial incentives, making it an attractive investment opportunity in a thriving Michigan market. The property's location at 8525 Cole Dr, Warren, MI 48093, in Macomb County, offers excellent visibility and accessibility. The substantial lot size and approved financing make this a compelling proposition for experienced developers seeking a high-return multifamily investment. All necessary approvals and entitlements are in place, minimizing development timelines and risks. This is a turnkey opportunity to capitalize on the strong demand for multifamily housing in the Warren area.