CBRE and RealINSIGHT Marketplace are pleased to present a ±3,230 SF former Citizen’s Bank building (“Property”) located at 19601 Vernier Road, in Harper Woods, Michigan. This Property is offered significantly below replacement cost and the first bid starts at $30,000. The Property offers a great owner/user opportunity and a significant value-add investment for investors through lease-up or adaptive reuse, with Lowe’s Home Improvement across the street and hundreds of national retailers within a mile of this property.
Harper Woods, Michigan is a northeast suburb of Detroit and holds a five-mile population of over 326,933 people with an average household income of $65,731. The property is 10 miles outside of the Detroit CBD and just three miles from Lake St. Clair, with the Grosse Pointe area a mile away, one of the wealthiest areas in Detroit. The former Citizens Bank is also located on a corner parcel with 23 free surface spaces available.
With questions about this investment opportunity, please contact Phil Kates or Adam Sklaver.