16630 Southfield RdAllen Park, MI 48101

Property Details for 16630 Southfield Rd

Year built

1957

Lot size

39.11 AC

Property size (Sq ft)

637,176 SF

Zone code

C 6C

Property type

Office buildings

APN

30 001 01 0003 300

APU

30001010003300

Description

This exceptional 16,000 square foot retail strip center in Allen Park, Michigan, presents a unique investment opportunity. Located at 16630 Southfield Road, in the Southern Wayne submarket of Wayne County, this property sits on a generous 5-acre lot and offers flexible space options. The entire 16,000 square feet is currently vacant, providing a blank canvas for a single large tenant or the potential for multiple smaller tenants. Minimum divisible space is 3,000 square feet, allowing for adaptability to various business needs. The property's zoning allows for both retail and restaurant uses, making it ideal for a diverse range of businesses. Its strategic location in Allen Park, Michigan, offers excellent visibility and accessibility, ensuring high foot traffic and potential for strong returns. The property is zoned to accommodate a variety of retail and restaurant concepts, making it a highly versatile investment. With its ample space and prime location, this property represents a significant opportunity for growth and profitability in a thriving market. The entire center is available for lease, offering a rare chance to establish a substantial presence in a desirable area. Contact us today to learn more about this exceptional retail investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $132,523,304

  6.5%

  $122,329,208

  7%

  $113,591,408

• Comparable approach

  Method

  Valuation

  Relative Method

  $59,601,444

  Geo Method

  $59,601,444

• Alternative Use

  Use

  Valuation

  Residential

  $151,688,208

  Hospitality

  $138,945,584

  Educational

  $115,601,096

  Medical

  $119,576,800

  Retail

  $179,823,936

Location Insight

City

Allen Park

County

Wayne

State

Michigan

Latitude

42.2748

Longitude

-83.2068

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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