For Sale
$999,999

29229 Northwestern HwySouthfield, MI 48034

10,460 SF, 3 Buildings, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Southfield investment opportunity encompasses 10,460 square feet of rentable space distributed across three buildings situated on approximately one acre of land. The property boasts a highly visible location on Northwestern Highway, a major thoroughfare with over 43,000 vehicles daily, and benefits from a signalized intersection with a dedicated turning lane, minutes from I-696. The flexible B-3 zoning allows for diverse uses, including medical office, bank, hotel, restaurant, retail, and even a medical marijuana provisioning center (with special approval). The front building (3,957 sq ft) is a two-story structure with a basement, featuring office space, a reception area, and a conference room. The middle building (1,935 sq ft) is also two stories, offering additional office space and storage. The rear building (4,568 sq ft) is a single-story structure currently leased to a dog grooming and boarding business. Ample parking is available. This property is located in a federal opportunity zone, presenting potential tax advantages for investors. The surrounding area's affluent demographics, with a 5-mile population exceeding 190,000 residents and an average annual household income of $107,068, offer significant market potential. The asking price is $999,999. This is a prime value-add opportunity to reposition the property to suit your business needs.

Highlights

  • 10,400 SF of commercial space across three buildings on a one-acre lot.
  • Significant value-add opportunity.
  • B-3 zoning in a business district.
  • Building sizes: Front - 3,957 SF, Middle - 1,935 SF, Rear - 4,568 SF.

Property Details for 29229 Northwestern Hwy

Property type
Day care centers & nurseries, Retail properties

Location Insight

City
Southfield
County
Oakland
State
Michigan
Latitude
42.5024959
Longitude
-83.3124832
29229 Northwestern Hwy, Southfield, Michigan

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29229 Northwestern Hwy
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