3650 11 Mile RdBerkley, MI 48072

Property Details for 3650 11 Mile Rd

Year built

1946

Lot size

0.09 AC

Property size (Sq ft)

2,245 SF

Zone code

II

Property type

Retail properties

Property subtype

Retail space

APN

04-25-18-377-032

APU

42518377032

Description

This 2,245-square-foot warehouse, located at 3650 W Eleven Mile Rd in Berkley, Michigan (zip code 48072), is available for lease. The property sits on a 0.09-acre lot and is classified as Light Industrial zoning within Oakland County. Originally constructed in 1946, the building underwent renovations in 2018. The entire 2,245 square feet is currently vacant and ready for immediate occupancy. The property is a single-tenant space, ideal for a business seeking a dedicated industrial space. Annual property taxes are $5,591.05. The building's precise location is 42.4888416 latitude and -83.1958032 longitude. This warehouse presents a unique opportunity for businesses seeking a well-maintained space in a convenient Berkley location. Interested parties should inquire for lease terms and conditions.

• CAP approach

  CAP return

  Valuation

  6%

  $686,383

  6.5%

  $633,584

  7%

  $588,328

• Comparable approach

  Method

  Valuation

  Relative Method

  $529,193

  Geo Method

  $529,193

• Alternative Use

  Use

  Valuation

  Residential

  $534,452

  Hospitality

  $489,555

  Educational

  $407,304

  Medical

  $421,312

  Retail

  $633,584

Location Insight

City

Berkley

County

Oakland

State

Michigan

Latitude

42.4888

Longitude

-83.1958

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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