2758 Coolidge HwyBerkley, MI 48072

Property Details for 2758 Coolidge Hwy

Year built

1972

Lot size

0.05 AC

Property size (Sq ft)

1,281 SF

Zone code

BI

Property type

Retail space

APN

04-25-17-155-031

APU

42517155031

Description

This exceptional 1,288 square foot storefront, located at 2758 Coolidge Hwy in Berkley, Michigan's B-1 Business District-Downtown, presents a compelling investment opportunity. The property is a beautifully renovated, handicap-accessible Class B mixed-use building, ideal for a variety of retail ventures. The building boasts four dedicated parking spaces directly behind it, supplementing the ample municipal and street parking nearby. The single-story structure is zoned for B-1 Business District-Downtown use, offering significant potential for a thriving business. Priced at $340,000, this turnkey storefront in the vibrant Downtown Berkley area provides immediate access to a bustling community and high foot traffic. Its convenient location and attractive features make it an exceptional opportunity for entrepreneurs seeking a well-established and easily accessible retail space. The property's recent renovations ensure a modern and functional environment, ready for immediate occupancy. Don't miss this chance to establish your business in a thriving downtown location.

• CAP approach

  CAP return

  Valuation

  6%

  $296,822

  6.5%

  $273,989

  7%

  $254,418

• Comparable approach

  Method

  Valuation

  Relative Method

  $124,618

  Geo Method

  $124,618

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $525,388

  Mixed-Use / Specialty

  $276,616

  Hospitality / Lodging

  $207,636

  Office

  $278,726

  Institutional / Educational

  $288,857

  Residential Income

  $337,963

  Multifamily

  $385,356

  Automotive / Energy

  $247,592

  Parking / Income-Based Land

  $81,880.60

  Restaurant / Food Service

  $151,561

  Healthcare / Senior Housing

  $279,969

Location Insight

City

Berkley

County

Oakland

State

Michigan

Latitude

42.4975

Longitude

-83.1834

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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