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48850 W 12 Mile Rd

5.62 Acres of Commercial Land Offered at $3,653,000 in Wixom, MI 48393

Investment Highlights

  • Ideal retail location with I-96 Signage.
  • Close to I-96/Wixom Rd interchange. 330’ freeway frontage.
  • 165’ of frontage from Grand River.
  • Located in the Wixom Opportunity Zone and eligible for capital gains tax incentives.

Executive Summary

Existing industrial building deemed to be 15,900 sf (including concrete mezzanine) that may be repurposed, including a fenced yard around entire property. Ideal retail location. I-96 Signage. 165’ of frontage from Grand River. Close to I-96/Wixom Rd interchange. 330’ of I-96 freeway frontage. Zoning permits outdoor display for sales.
Located in the Wixom Opportunity Zone and eligible for capital gains tax incentives.
City of Wixom B-3 General Business District Permitted Uses: Retail businesses and shopping centers, Drive Through Restaurant, Outdoor display and sales accessory to a permitted retail business, such as nurseries and home improvement items, Standard sit-down restaurants and taverns, outdoor seating, open front windows, Carry-out restaurants, Drive-in restaurants, Drive-through restaurants, Cocktail lounges/night clubs, Banquet halls, Dry cleaning, Central dry cleaning plants, Hotel, Motel, Funeral homes and mortuary establishments, barber shops, beauty shops and health salons, Pet grooming and training, Self-service laundry establishments, Retail Showroom, Car Wash, Auto Wash, Automobile rental, Automobile sales or showrooms, Motorcycle, snowmobile and ATV sales or showrooms, Office, Banks, credit unions, retail office supplies, Data processing and computer centers, 24-hour emergency medical clinics, Hospitals, Medical offices and dental offices and clinics, Accessory retail uses customarily related to another permitted medical use, such as but not limited to: a pharmacy, stores limited to corrective garments or bandages, or optical services, Day care centers for children or the elderly, Veterinary clinics, not including animal boarding, Pharmacy, Business schools and colleges, Churches and other places of worship, Large-scale institutional uses, churches and other places of worship with a seating capacity of 1,500 people or more or parking for 500 vehicles or more, Publicly owned utility building, Bowling alleys, billiard halls, indoor archery ranges, indoor tennis courts, indoor soccer facilities, indoor skating rinks or similar forms of indoor commercial recreation, Health clubs, Social Clubs, Theaters, assembly halls, concert halls, Consignment, Pawnshops, Precious Metals Dealer, Service establishments of an office, showroom or workshop nature of an electrician, decorator, dressmaker, tailor, baker, painter, upholsterer or an establishment doing home appliance/electronic repair, photographic reproduction, Small engine and equipment repair for lawn mowers, snow blowers and other home maintenance equipment, Tool and equipment rental, which may include outdoor storage, but excluding vehicle rentals, Minor automotive repair businesses such as muffler shops, shock absorber replacement shops, tire stores and minor engine repair shops, Recreational vehicle, boat and mobile home sales, Nursing homes and convalescent homes, Publicly owned utility buildings, telephone exchange buildings, electric transformer stations and substations, gas regulator stations and water and sewage pumping stations (without storage yards), Amusement arcades which provide space for patrons to engage in playing of mechanical amusement devices or similar activities

Property Facts

Price $3,653,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Auto Dealership
  • Carwash
  • Funeral Home
  • Health Club
  • Hospital
  • Hotel
  • Lodge or Meeting Hall
  • Medical
  • Motel
  • Restaurant
  • Retail Warehouse
Total Lot Size 5.62 AC
Tenancy Single
Opportunity Zone Yes

1 Lot Available

Lot

Price $3,653,000
Price Per AC $650,000
Lot Size 5.62 AC

Approximately 5.62 acres. 330’ I 96 freeway frontage. Ideal retail location, Automobile Sales, Shopping Center, Restaurant Located in the Wixom Opportunity Zone and eligible for capital gains tax incentives.

Description

Existing industrial building deemed to be 15,900 sf (including concrete mezzanine) that may be repurposed. Ideal retail location. I-96 Signage. 165’ of frontage from Grand River. Close to I-96/Wixom Rd interchange. 330’ freeway frontage. Zoning permits outdoor display for sales. Local retailers include: Target, General RV, Menards and numerous food services. City of Wixom B-3 General Business District Permitted Uses: Retail businesses and shopping centers, Drive Through Restaurant, Outdoor display and sales accessory to a permitted retail business, such as nurseries and home improvement items, Standard sit-down restaurants and taverns, outdoor seating, open front windows, Carry-out restaurants, Drive-in restaurants, Drive-through restaurants, Cocktail lounges/night clubs, Banquet halls, Dry cleaning, Central dry cleaning plants, Hotel, Motel, Funeral homes and mortuary establishments, barber shops, beauty shops and health salons, Pet grooming and training, Self-service laundry establishments, Retail Showroom, Car Wash, Auto Wash, Automobile rental, Automobile sales or showrooms, Motorcycle, snowmobile and ATV sales or showrooms, Office, Banks, credit unions, retail office supplies, Data processing and computer centers, 24-hour emergency medical clinics, Hospitals, Medical offices and dental offices and clinics, Accessory retail uses customarily related to another permitted medical use, such as but not limited to: a pharmacy, stores limited to corrective garments or bandages, or optical services, Day care centers for children or the elderly, Veterinary clinics, not including animal boarding, Pharmacy, Business schools and colleges, Churches and other places of worship, Large-scale institutional uses, churches and other places of worship with a seating capacity of 1,500 people or more or parking for 500 vehicles or more, Publicly owned utility building, Bowling alleys, billiard halls, indoor archery ranges, indoor tennis courts, indoor soccer facilities, indoor skating rinks or similar forms of indoor commercial recreation, Health clubs, Social Clubs, Theaters, assembly halls, concert halls, Consignment, Pawnshops, Precious Metals Dealer, Service establishments of an office, showroom or workshop nature of an electrician, decorator, dressmaker, tailor, baker, painter, upholsterer or an establishment doing home appliance/electronic repair, photographic reproduction, Small engine and equipment repair for lawn mowers, snow blowers and other home maintenance equipment, Tool and equipment rental, which may include outdoor storage, but excluding vehicle rentals, Minor automotive repair businesses such as muffler shops, shock absorber replacement shops, tire stores and minor engine repair shops, Recreational vehicle, boat and mobile home sales, Nursing homes and convalescent homes, Publicly owned utility buildings, telephone exchange buildings, electric transformer stations and substations, gas regulator stations and water and sewage pumping stations (without storage yards), Amusement arcades which provide space for patrons to engage in playing of mechanical amusement devices or similar activities

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 22-08-376-033
  • 22-08-376-036
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,592,510

zoning

Zoning Code B-3 (B-3 General Business District Retail Sales, Hotel, Motel, Automobile, Restaurants, Funeral Homes, Hospital, Pharmacy,24-hour emergency medical clinics)
B-3 (B-3 General Business District Retail Sales, Hotel, Motel, Automobile, Restaurants, Funeral Homes, Hospital, Pharmacy,24-hour emergency medical clinics)
  • Listing ID: 28249712

  • Date on Market: 4/17/2023

  • Last Updated:

  • Address: 48850 W 12 Mile Rd, Wixom, MI 48393

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