3490 12 MILE RD $5,900,000

    Close

    3490 12 MILE RD Berkley, MI 48072

    • 69,878 sq. ft.
    • 2.60 Acres
    • Commercial
    • MLS# 40146780
    Favorite Share
    Views: 342 Days On Site: 158

    Go Tour This Home

    Schedule A Showing

    Property Details

    This is a once in a lifetime business opportunity. Location ? Downtown Berkley. Once in a lifetime opportunity to own over two and a half acres. The largest available space in Berkley. Visibility ? You can not miss this place it is highly visible and has multiple parking lot entrances. Convenience ? Easy to access. Great location. Walking distance to Royal Oak Beaumont. Just seconds from Woodward Ave. Population ? Berkley is a vibrant and active community with 15,366 residents and thousands more visiting everyday. Versatility ? is it an easy conversion to suit a variety of tenants? Accessibility ?The property is easily accessible to receive deliveries. This property uniquely features a parking garage. Zoning ? The city plan proposal is for this space is for it to be developed at a Luxury High-rise Condominiums with shops and dining at street level. The possibilities for this space are endless.

    • General Features
      • Acreage 2.6
      • Area Municipality Berkley (63253)
      • County Oakland
      • Originating MLS RealComp
      • Ownership Private
      • Subdivision COTTAGE HOMES SUB
      • Waterfront Y/N No
      • Year Built 1965
      • ZONING Commercial
    • Building Features
      • Cooling System Central A/C
      • Exterior Construction Brick, Concrete/Block
      • Foundation Type Basement
      • FUEL TYPE Electric,Natural Gas
      • Heating System Electric Heat, Forced Air
    • Property Features
      • Water Public Water
      • Lot Size 160.00X100.00
      • Sewer Septic Public Sanitary

    Contact

    John Pickell

    John Pickell

    REALTOR

    RE/MAX Classic

    Mobile Phone: 248-917-5923

    Neighborhood

    48072 (Berkley) Demographics

    37 Median Age
    6,344 Population Density (per sq. mile)
    56% College Educated
    $74,172 Estimated Median Income
    5,368 Estimated Total Home Owners
    1,160 Estimated Total Renters
    82% / 18% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    15,239 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $277,500 Median Sales Price
    24 Homes Sold
    47 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $5,900,000
        7/20/2021 2:50:48 PM Price Reduced Source: Multiple Listing Service New Value: $5,900,000 -14.49%
        2/19/2021 9:05:00 AM New in Database Source: Multiple Listing Service New Value: $6,900,000

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        *This Payment Calculator is intended for educational and planning purposes only.
        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the MI Realsource Michigan Multiple Listing Service. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.