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The Berkley Theater Building 2960-2980 12 Mile Rd
12,709 SF Retail Building Berkley, MI 48072 $2,950,000 ($232.12/SF)
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
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.
PROPERTY FACTS
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Iconic Berkley Theater building for lease, including the marquee. Lease Options: The entire building, half the building or a portion of the retail area on 12 Mile Road. Located in Downtown Berkley. Surrounded by mixed-use local businesses. Excellent for retail, office or medical
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,013-12,709 SF | Retail | - | Now |
1st Floor
| Size |
| 2,013-12,709 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 2,013-12,709 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Iconic Berkley Theater building for lease, including the marquee. Lease Options: The entire building, half the building or a portion of the retail area on 12 Mile Road. Located in Downtown Berkley. Surrounded by mixed-use local businesses. Excellent for retail, office or medical
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $726,060 |
PROPERTY TAXES
CONTACTS
-
Deno Bistolarides -
Ryan Vinco -
Matthew Weber -
Encore Real Estate Investment Services
Presented by
The Berkley Theater Building | 2960-2980 12 Mile Rd
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