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29145 Telegraph Rd 23,337 SF Retail Building Southfield, MI 48034 $6,504,800 CAD ($278.73 CAD/SF)
Investment Highlights
- Located along the high-traffic Telegraph Road commercial corridor.
- Large open floor plan supports multiple commercial uses.
- Close proximity to M-10 and Interstate 696.
- Approximately 1.12-acre site with redevelopment potential.
- Prominent building and signage visibility from Telegraph Road.
- Surrounded by established national retailers and commercial activity.
Executive Summary
Prime Investment | Owner-User | Redevelopment Opportunity. Located along high traffic Telegraph Road corridor near 12 Mile Road in Southfield. This Gorman’s Furniture property presents a rare opportunity to acquire a large-scale commercial trophy asset with exceptional redevelopment potential for investors and developers. Positioned on approximately 1.12 acres, the site offers flexibility for repositioning, adaptive reuse, or future ground-up redevelopment. The existing structure features expansive open floor space, prominent signage visibility, generous onsite parking, and immediate functionality for showroom, retail, medical, educational, fitness, or other specialty commercial users. Surrounded by national retailers with close proximity to M-10 and I-696. Contact Brokers for additional information.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,337 SF
Building Class
B
Year Built/Renovated
1966/2006
Price
$6,504,800 CAD
Price Per SF
$278.73 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.48
Lot Size
1.12 AC
Opportunity Zone
Yes
Zoning
BI - Business
Parking
55 Spaces (1.29 Spaces per 1,000 SF Leased)
Frontage
200’ on Telegraph Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-08-451-005 | Improvements Assessment | $713,300 CAD |
| Land Assessment | $319,995 CAD | Total Assessment | $1,033,294 CAD |
Property Taxes
Parcel Number
24-08-451-005
Land Assessment
$319,995 CAD
Improvements Assessment
$713,300 CAD
Total Assessment
$1,033,294 CAD
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29145 Telegraph Rd
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