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    24050 W 9 Mile Rd Southfield, MI 48033

    Picture of Retail space at W 9 Mile Rd 24050, Southfield, MI
    Under Contract
    For Sale
    $599,999

    Real Estate Only - Southfield, MI

    Property size:
    4,875 SF
    Lot size:
    0.74 Acres
    Days on Market:
    108
    Last Refresh:
    Dec 13 at 11:06 am

    Property Features for 24050 W 9 Mile Rd

    General Information

    Special listing conditions
    Real Estate Owned
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Real Estate Owned
    Standard status
    Active Under Contract
    Zoning
    Commercial,Multiple
    APN
    2429476025
    Size
    4,875 SF
    Lot size
    0.74 Acres

    Building Details

    Year built
    1970
    Floors in Building
    1
    Building materials
    Block, Brick
    Roof type
    Rubber
    Architectural style
    Other

    Real Estate One (248) 644-6700 [email protected]

    Listing agent Christopher J Gerback (248) 644-6700

    Listing date Aug 28, 2025

    MLS# 20250023845 Listing URL

    Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Southfield Retail Property For Sale

    This retail property in Southfield, Michigan, is currently 100% occupied by three long-term tenants operating under month-to-month lease agreements. The property, zoned for multiple tenants, spans approximately 0.74 acres. Each of the units includes a full 10-foot deep basement and individual metered utilities. With a total size of 4875 square feet, the property presents an opportunity for a single-use tenant or redevelopment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.279646
    Latitude
    42.457748

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    FAQs

    What type of property is this?
    Retail space - Retail property with long-term tenants and redevelopment potential in Southfield.
    Where is this retail space located?
    The property is located at 24050 W 9 Mile Rd Southfield, MI.
    What is the asking price?
    The asking price for this property is $599,999.
    What are key features of this property?
    This property features: - 100% Occupied with Long-Term Tenants, providing immediate rental income.; - Zoned for Multiple Tenants, offering flexibility.; - Individual Metered Utilities simplify billing.
    (248) 644-6700
    Request Owner's contact information
    24050 W 9 Mile Rd Southfield, MI 48033
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    Southfield, MI 48033
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24050 W 9 Mile Rd Southfield, MI 48033
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