8525 Cole DrWarren, MI 48093

For Sale
$2,500,000

138-Unit Apartment Project, 7.68 Acres

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 7.68-acre commercial land parcel in Warren, Michigan, presents a prime opportunity for multifamily development. Fully entitled for a 138-unit apartment complex, this project boasts an approved $4.8 million Brownfield Tax Increment Financing (TIF) plan, significantly reducing development costs. The site is ideally situated in the heart of downtown Warren, offering convenient access to amenities and employment centers. Its proximity to the GM Tech Center further enhances its appeal and potential for strong rental demand. The property includes ample parking with 285 spaces, ensuring convenient resident parking. Detailed plans for the 138-unit development are available upon request. This is a rare chance to acquire a fully entitled, shovel-ready project with substantial financial incentives, making it an attractive investment opportunity in a thriving Michigan market. The property's location at 8525 Cole Dr, Warren, MI 48093, in Macomb County, offers excellent visibility and accessibility. The substantial lot size and approved financing make this a compelling proposition for experienced developers seeking a high-return multifamily investment. All necessary approvals and entitlements are in place, minimizing development timelines and risks. This is a turnkey opportunity to capitalize on the strong demand for multifamily housing in the Warren area.

Highlights

  • 7.68-acre commercial land parcel in Warren, MI.
  • Fully entitled for a 138-unit apartment complex.
  • Includes 285 parking spaces.

Property Details for 8525 Cole Dr

Property type
Other land, Land
Lot Size (sq. ft)
334,541 SF

Location Insight

City
Warren
County
Macomb
State
Michigan
Latitude
42.509578
Longitude
-83.019757
8525 Cole Dr, Warren, Michigan

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
8525 Cole Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message