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3490 12 Mile Rd

53,306 SF Retail Building Berkley, MI 48072 $5,900,000 ($111/SF)

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Investment Highlights

Huge Parking Lot
Multiple Bars

3 Bowling Alleys

Executive Summary

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.

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ALTER BUILDING_3490 12 MILE RD_1976

Property Facts

Sale Type

Owner User

Property Type

Retail

Property Subtype

Bowling Alley

Building Size

53,306 SF

Building Class

Year Built

1960

Price

$5,900,000

Price Per SF

$111

Tenancy

Single

Building Height

3 Stories

Building FAR

0.43

Lot Size

2.82 AC

Zoning

Commercial - The city plan proposal for this space is for it to be developed as Luxury High-rise Condominiums with shops and dining at street level.

Parking

287 Spaces (5.38 Spaces per 1,000 SF Leased)

Frontage

977 FT on 12 Mile Rd

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Walk Score ®

Very Walkable (71)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers	Multiple 25-07-384-041 25-07-385-043 25-07-385-042 25-07-384-040	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$1,431,520