$2,500,000
Est. payment /mo
3,780 SqFt
Price Dropped by $450K
2200 11 Mile Road Berkley, MI 48072 3048
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Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 3,780 sqft
Price per Sqft $661
Subdivision Mi
MLS Listing ID 60931649
Annual Tax Amount $10,283
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions irregular
Property Sub-Type Commercial/Industrial
Property Description
Rare opportunity for a flagship location in the heart of one of Oakland County's best suburbs – includes both the real estate and business/license. Freestanding building built in 2023 with 38 parking spaces, with the potential to add up to an additional 20 spaces with an adjacent neighbor. The site is centrally located to I-696 freeway, Woodward Avenue, and Coolidge Highway. Surrounded by a high-income residential population and a strong mix of national and regional tenants - providing additional exposure and traffic. Located in a capped retail license market, this operating Adult-Use Provisioning Center provides the opportunity to maintain the existing cash ?ow and increase sales under amplified day-to-day management and existing employee retention. All that is missing is new branding and inventory. Included in the sale price is the neighboring industrial building, currently leased to a storage tenant at $3,938.00 per month Gross and the lease expires in the middle of 2027, offering great upside as an investment. It can be excluded from the sale and sold separately, subject to an agreed-upon deal for the PC.
Location
State MI
County Oakland
Area Berkley (63253)
Zoning Commercial
Interior
Heating Forced Air
Building
Water Other-See Remarks
Structure Type Brick
Others
Ownership Bank Owned
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by C3 CRE, LLC