29200 Southfield RdSouthfield, MI 48215

Property Details for 29200 Southfield Rd

Year built

1968

Lot size

1.98 AC

Property size (Sq ft)

40,080 SF

Zone code

OS

Property type

Office buildings

APN

76-24-12-351-003

APU

762412351003

Description

This exceptional retail property, located at 29200 Southfield Road in Southfield, Michigan, offers 6,868 square feet of vacant space for lease. The property is categorized as a multi-tenant retail building within Oakland County (APN 2412351003) and is conveniently situated in the 48075 zip code. Multiple units are available, with a minimum divisible space of 1,615 square feet and a maximum contiguous space of 1,850 square feet. This presents a fantastic opportunity for businesses seeking flexible space options to suit their individual needs. The property's high-traffic location ensures excellent visibility and accessibility for customers. The building's total square footage is 6,868 square feet, currently entirely vacant and ready for immediate occupancy. This prime retail location in Southfield offers a unique chance to establish or expand a business in a thriving commercial area. Interested parties are encouraged to inquire about lease terms and availability. The property is zoned for commercial use and provides ample space for a variety of retail ventures. This is an ideal opportunity for businesses seeking a prominent location with high foot traffic and excellent visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $6,861,212

  6.5%

  $6,333,427

  7%

  $5,881,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,749,083

  Geo Method

  $3,749,083

• Alternative Use

  Use

  Valuation

  Residential

  $7,853,450

  Hospitality

  $7,193,718

  Educational

  $5,985,088

  Medical

  $6,190,925

  Retail

  $9,310,138

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.5043

Longitude

-83.2215

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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