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48850 W 12 Mile Rd
Wixom, MI 48393

Retail Property For Sale

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. On 5.62 acres. Ideal retail location. I-96 Signage. 165’ of frontage from Grand River. Close to I-96/Wixom Rd interchange. 330’ freeway frontage.
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

Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,900 SF
Building Class
C
Year Built
1977
Price
$3,650,000
Price Per SF
$230
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
5.62 AC
Opportunity Zone
Yes
Zoning
B-3 - B-3 General Business District Permitted Uses: Hotel, Motel, Retail , Medical, Assembly, Restaurant, Health Club, Automobile Sale, Motorcycle Sales
Parking
50 Spaces (3.14 Spaces per 1,000 SF Leased)

Amenities

  • Fenced Lot
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-08-376-033
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$890,390
  • Listing ID: 31522987

  • Date on Market: 4/16/2024

  • Last Updated:

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

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