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The Berkley Theater Building 2960-2980 12 Mile Rd

12,709 SF Retail Building Berkley, MI 48072 $2,950,000 ($232/SF)

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Investment Highlights

12,761 Square Foot Pride of Ownership Asset Located in the Heart of Downtown Berkley - One of Metro Detroit's Premier Communities
Three Parcels Totaling 0.9 Acres of Land - Comprises a Whole City Block in the Heart of Downtown Berkley
Comprised of an Approx. 10K SF of Anchor Space (Formerly a Drug Store) which is Perfect for a Grocer, Retailer or Entertainment Venue as well as Three

The Most Iconic and Recognizable Property in Berkley, Originally Home to the Historic Berkley Theater and Still featuring the Berkley Theater Marquee
The Only Property in Downtown Berkley with Dedicated Parking on Twelve Mile - The Property Consists of Two Dedicated Parking Lots - Very Rare for an A
Phenomenal Demographics - In the Heart of Metro Detroit Surrounded by Densely Populated Suburban Neighborhoods

Executive Summary

Encore Real Estate Investment Services is pleased to present the Berkley Theater Building, an iconic building located one a whole city block in the heart of Downtown Berkley, MI. The property, originally constructed in 1941 as a theater, is a 12,761 Square Foot building situated on .9 Acres of land on 12 Mile Road just west of Coolidge. Operated as a theater continuously for 52 years until it’s closure in 1993, the property boasts the iconic Berkley theater marquee. It is an iconic property in Berkley and serves as a backdrop for events such as the Berkley CruiseFest, a classic car parade and the Friday night precursor to Metro Detroit's annual Woodward Dream Cruise.

The property is located on three parcels totaling .9 acres. One parcel consists of the building, with the other two paved surface parking lots. Two parcels (the building parcel and one parking lot parcel) are located with frontage on Twelve Mile Road – the only property in downtown Berkley with surface level parking. The property consists of a contiguous 10,696 Square Foot retail space that was previously occupied by a Rite Aid Pharmacy since 1993. The location was a very busy location from Rite Aid and a mainstay of the community and the company only recently notified ownership of its intent to vacate due to the company closing all locations in the state of Michigan. There are three street level retail tenants that have all occupied their spaces for many years – each suite is approximately 671 square feet in size.