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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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3490 12 Mile Rd , Berkley, MI 48072
$5,900,000
Est. Payment: $13,111.11/mo
0 Bed
0 Bath
69878 Sqft
Status: Active | Days on site: 134
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House Description

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.

Highlights

Listed by Jesica Spencer , 248-396-7895 Spencer Real Estate, LLC , 833-765-3773.

Property Type

Commercial Sale

Lot/Acreage
2.6

Year Built

1965

County

Oakland

Neighborhood

Berkley City

School District

Berkley

Listing ID

20261001377

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Basement
Water:Public

Exterior Features

Principal Interest
$13,111
Taxes
$3,243

Home Price

$5,900,000

Loan Details

30 yrs
%

Down Payment

20%
$1,180,000
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Monthly Price:
$13,111.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $13,111.11 $3,242.75 $0.00 $16,353.86
Yearly $157,333.33 $38,913.00 $0.00 $196,246.33
Total $4,720,000.00 $1,167,390.00 $0.00 $5,887,390.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Berkley, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.