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Off Market
1/10

19601 Vernier Rd
Harper Woods, MI 48225


HIGHLIGHTS

  • 327,000 Population And $65,000 Average Household Income Within Five-Mile Radius
  • Corner Parcel With 20,853 Vehicles Passing Daily On Vernier Rd And Half-Mile from I-94
  • 10 Miles From Detroit CBD, Adjacent To Grosse Pointe Area
  • Shadowed By Lowe’s Home Improvement, Hundreds Of National Retailers Within A Mile

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Former Citizens Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

3230

STORIES

1

YEAR BUILT

1982

SPRINKLERS

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PARKING SPACES

23

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

42-012-02-0062-005