2485 Coolidge HwyBerkley, MI 48072

Property Details for 2485 Coolidge Hwy

Year built

1974

Lot size

0.87 AC

Property size (Sq ft)

7,310 SF

Zone code

BI

Property type

Turn key restaurants

APN

04-25-18-427-035

APU

42518427035

Description

This exceptional retail opportunity presents 11,690 square feet of newly constructed space in a vibrant Berkley, Michigan shopping center located at 2485-2523 Coolidge Hwy. The property sits on a 0.87-acre lot and is zoned for Retail-Commercial use within Oakland County. Multiple tenancies are available, with a minimum divisible space of 1,250 square feet and a maximum contiguous space of 2,800 square feet. Currently, 4,050 square feet is vacant and ready for immediate occupancy. A highly desirable end-cap unit is available, boasting a significant advantage with its own 700 square foot patio. This space offers excellent visibility and accessibility, perfectly situated alongside the new Aqua-tots Swim Schools development. The estimated delivery date for this prime retail location is between the fourth quarter of 2021 and the first quarter of 2022. This is an unparalleled chance to establish a thriving business in a rapidly growing area. Don't miss this opportunity to secure your ideal retail space in this dynamic new development.

• CAP approach

  CAP return

  Valuation

  6%

  $1,693,810

  6.5%

  $1,563,510

  7%

  $1,451,830

• Comparable approach

  Method

  Valuation

  Relative Method

  $711,128

  Geo Method

  $711,128

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,998,110

  Mixed-Use / Specialty

  $1,578,500

  Hospitality / Lodging

  $1,184,870

  Office

  $1,590,540

  Institutional / Educational

  $1,648,360

  Residential Income

  $1,928,580

  Multifamily

  $2,199,030

  Automotive / Energy

  $1,412,880

  Parking / Income-Based Land

  $467,250

  Restaurant / Food Service

  $864,879

  Healthcare / Senior Housing

  $1,597,640

Location Insight

City

Berkley

County

Oakland

State

Michigan

Latitude

42.4951

Longitude

-83.1841

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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