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29229 Northwestern Hwy
Southfield, MI 48034
Retail Property For Sale
Investment Highlights
- Easy access and excellent visibility on Northwestern Highway.
- Signalized intersection with a dedicated turning lane, just minutes from I-696.
Executive Summary
Highly Visible Retail/Office Opportunity in Prime Oakland County Location
Location:
Property Highlights:
• 10,460 square feet of rentable space across 3 buildings situated on approximately 1 acre with ample parking.
• B-3 zoning allows for a variety of uses, including medical office, bank, hotel, restaurant, retail, and even a medical marijuana provisioning center with special approval.
• Located in a federal opportunity zone, offering potential tax savings for real estate investors.
Building Details:
• Front Building (3,957 SQFT): Two-story with basement. Second floor features a conference room and storage.First floor includes a reception area, administration area, and 5 offices. Basement offers additional storage, 4 offices, and a cubicle area.
• Middle Building (1,935 SQFT): Two-story with 5 offices. First floor features a reception area, while the second floor provides storage space.
• Back Building (4,568 SQFT): Single-story building currently occupied by a dog grooming and boarding tenant.
Demographics:
• Capitalize on the affluent demographics of the surrounding area. 5-mile population boasts over 190,000 residents with an average annual household income of $107,068.
Don't miss this value-add opportunity to reposition the property for your business needs!
Location:
Property Highlights:
• 10,460 square feet of rentable space across 3 buildings situated on approximately 1 acre with ample parking.
• B-3 zoning allows for a variety of uses, including medical office, bank, hotel, restaurant, retail, and even a medical marijuana provisioning center with special approval.
• Located in a federal opportunity zone, offering potential tax savings for real estate investors.
Building Details:
• Front Building (3,957 SQFT): Two-story with basement. Second floor features a conference room and storage.First floor includes a reception area, administration area, and 5 offices. Basement offers additional storage, 4 offices, and a cubicle area.
• Middle Building (1,935 SQFT): Two-story with 5 offices. First floor features a reception area, while the second floor provides storage space.
• Back Building (4,568 SQFT): Single-story building currently occupied by a dog grooming and boarding tenant.
Demographics:
• Capitalize on the affluent demographics of the surrounding area. 5-mile population boasts over 190,000 residents with an average annual household income of $107,068.
Don't miss this value-add opportunity to reposition the property for your business needs!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,460 SF
Building Class
C
Year Built
1962
Price
$1,301,224 CAD
Price Per SF
$124.40 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.24
Lot Size
1.01 AC
Opportunity Zone
Yes
Zoning
B-3 - Commercial Zoned District
Parking
45 Spaces (4.3 Spaces per 1,000 SF Leased)
Frontage
104’ on Northwestern Highway
Amenities
- Tenant Controlled HVAC
- Air Conditioning
Property Taxes
| Parcel Number | 24-07-351-018 | Improvements Assessment | $479,473 CAD |
| Land Assessment | $152,681 CAD | Total Assessment | $632,154 CAD |
Property Taxes
Parcel Number
24-07-351-018
Land Assessment
$152,681 CAD
Improvements Assessment
$479,473 CAD
Total Assessment
$632,154 CAD
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