21700 11 Mile RdSouthfield, MI 48076

Property Details for 21700 11 Mile Rd

Year built

1967

Lot size

5.38 AC

Property size (Sq ft)

72,628 SF

Zone code

NS

Property type

Community centers

APN

76-24-15-353-021

APU

762415353021

Description

Harvard Row offers exceptional retail space in Southfield, Michigan, at 21700 W Eleven Mile Rd, zip code 48076. This multi-tenant property boasts a total of 50,000 square feet, with individual spaces ranging from a minimum of 1,800 square feet to a maximum contiguous space of 10,800 square feet. Five individual spaces are currently available. The property's location within Southfield's vibrant retail district provides unparalleled visibility and accessibility, situated conveniently near major roadways for optimal customer reach. The surrounding area features a diverse mix of established national retailers and local businesses, creating a thriving commercial environment with high foot traffic. This dynamic mix attracts a substantial customer base, making Harvard Row an ideal location for businesses seeking a high-demand market with a strong existing customer base and significant potential for growth. The property's strategic placement ensures excellent exposure and accessibility for businesses looking to establish a strong presence in a bustling commercial hub. This is a unique opportunity to secure retail space in a prime Southfield location with significant potential for success. The property is located at the intersection of W Eleven Mile Rd in Southfield, MI, 48076.

• CAP approach

  CAP return

  Valuation

  6%

  $18,276,566

  6.5%

  $16,870,676

  7%

  $15,665,628

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,119,930

  Geo Method

  $17,119,930

• Alternative Use

  Use

  Valuation

  Residential

  $14,231,046

  Hospitality

  $13,035,562

  Educational

  $10,845,434

  Medical

  $11,218,426

  Retail

  $16,870,676

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.4877

Longitude

-83.2595

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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