For Sale
$1,249,000

12433 8 Mile Rd Warren, MI 48089

12,500 SF Retail Complex, 100% Occupied

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents three Class A commercial buildings totaling 12,500 square feet of net rentable space, situated on a 0.5-acre lot in Warren, Michigan. Located on the highly visible 8 Mile Road, this property boasts a prime location with easy access to major highways and public transportation. The complex, built in 1946 and extensively renovated in 2020, consists of three single-story structures. Two nearly identical buildings, each approximately 5,000 square feet, offer spacious showroom areas, high ceilings, and upgraded HVAC systems. These buildings are currently configured as a single tenant space but could be easily subdivided into a total of six individual units. The third building, encompassing approximately 2,500 square feet, provides ample storage space, ideal for inventory and shipping/receiving. The property features seven units, currently operating at 100% occupancy, and is zoned for commercial use. Ample parking is available for both employees and customers. The asking price is $1,249,000, representing a price per square foot of $99.92. This property offers a rare chance to acquire a well-established, high-performing retail complex in a thriving commercial corridor. The property's APN numbers are 21028360-2, 21028359, 21028354, 21028353, 21028351-2, 12-13-35-386-023, and 12-13-35-386-022. The property is privately owned.

Highlights

  • $1,249,000 asking price for a Class A retail property.
  • 12,500 square feet of net rentable space in a 100% occupied, single-tenant building.
  • Seven units across three buildings, totaling 12,500 square feet, situated on a 0.5-acre lot.
  • Built in 1946 and renovated in 2020, featuring one story.
  • Located at 12433 8 Mile Rd, Warren, MI 48089, with Commercial zoning.

Property Details for 12433 8 Mile Rd

Property type
Lifestyle centers, Power centers
Square Feet
12,500 SF
Class
A
Year Built/Renovated
1946/2020
Buildings
3
Stories
1
Lot Size (sq. ft)
21,780 SF
Units
7

Location Insight

City
Warren
County
Macomb
State
Michigan
Latitude
42.449376995482
Longitude
-82.99701207365

FAQs

What type of property is this?
Lifestyle center - 12,500 SF Retail Complex, 100% Occupied
Where is the lifestyle center located?
The property is located at 12433 8 Mile Rd Warren, MI.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: $1,249,000 asking price for a Class A retail property.; 12,500 square feet of net rentable space in a 100% occupied, single-tenant building.; Seven units across three buildings, totaling 12,500 square feet, situated on a 0.5-acre lot.
How can I contact the broker?
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12433 8 Mile Rd
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