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Northwestern Medical Center 29275 Northwestern Hwy 27,000 SF 61% Leased Office Building Southfield, MI 48034 $6,221,250 CAD ($230.42 CAD/SF) 8.43% Cap Rate

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EXECUTIVE SUMMARY

This well situated, high quality medical office building is currently 60.9% leased to several medical office and office tenants. This investment opportunity allows an investor or operator to acquire a well-located office building priced below replacement cost.

ATTACHMENTS

NWM SALE FLYER

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
27,000 SF
Building Class
B
Year Built/Renovated
1984/2024
Price
$6,221,250 CAD
Price Per SF
$230.42 CAD
Cap Rate
8.43%
NOI
$524,635 CAD
Percent Leased
61%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,500 SF
Slab To Slab
11’
Building FAR
0.31
Lot Size
2.03 AC
Opportunity Zone
Yes
Zoning
B3, Southfield
Parking
117 Spaces (5.56 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 100
  • 7,315 SF
  • Office/Medical
  • -
  • Now

Ground level medical office space in a recently renovated medical building on Northwestern. Perfect for physical rehab or other medical office use. MRI pad ready to use for mobile MRI unit. Building signage is available!

  • 2nd Fl-Ste 200
  • 3,446 SF
  • Medical
  • -
  • 30 Days
  • 2nd Fl-Ste 201
  • 1,451 SF
  • Office/Medical
  • Full Build-Out
  • 60 Days

Contact listing agent via phone or email for more information.

  • 2nd Fl-Ste 203
  • 1,245 SF
  • Office/Medical
  • -
  • Now

Contact listing agent via phone or email for more information.

Space Size Space Use Condition Available
1st Fl-Ste 100 7,315 SF Office/Medical - Now
2nd Fl-Ste 200 3,446 SF Medical - 30 Days
2nd Fl-Ste 201 1,451 SF Office/Medical Full Build-Out 60 Days
2nd Fl-Ste 203 1,245 SF Office/Medical - Now

1st Fl-Ste 100

Size
7,315 SF
Space Use
Office/Medical
Condition
-
Available
Now

2nd Fl-Ste 200

Size
3,446 SF
Space Use
Medical
Condition
-
Available
30 Days

2nd Fl-Ste 201

Size
1,451 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
60 Days

2nd Fl-Ste 203

Size
1,245 SF
Space Use
Office/Medical
Condition
-
Available
Now

1st Fl-Ste 100

Size 7,315 SF
Space Use Office/Medical
Condition -
Available Now

Ground level medical office space in a recently renovated medical building on Northwestern. Perfect for physical rehab or other medical office use. MRI pad ready to use for mobile MRI unit. Building signage is available!

2nd Fl-Ste 201

Size 1,451 SF
Space Use Office/Medical
Condition Full Build-Out
Available 60 Days

Contact listing agent via phone or email for more information.

2nd Fl-Ste 203

Size 1,245 SF
Space Use Office/Medical
Condition -
Available Now

Contact listing agent via phone or email for more information.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24-07-351-013
Land Assessment
$308,680 CAD
Improvements Assessment
$1,452,496 CAD
Total Assessment
$1,761,176 CAD
  • Listing ID: 34551125

  • Date on Market: 2025-01-21

  • Last Updated:

  • Address: 29275 Northwestern Hwy, Southfield, MI 48034

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