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    24529-24555 W 12 Mile Rd Southfield, MI 48034

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    For Lease
    $35 SF/Yr ($4,083 /Mo)

    Prominent retail center with high visibility and strong demographics.

    Property size:
    1,400 SF
    Lot size:
    1.20 Acres

    Property Features for 24529-24555 W 12 Mile Rd

    General Information

    Size
    1,400 SF
    Lot size
    1.20 Acres

    Source: CMP Real Estate Group Agent Erik Elwell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Southfield, MI

    This retail space is located in a prominent retail center in Southfield, MI, joining tenants such as Star Deli, Wing Snob, Visionworks, and A-1 Drycleaners. Situated at a busy intersection with over 96,000 vehicles per day, the location benefits from strong demographics, with over 214,000 residents and an average household income exceeding $109,000 within a five-mile radius. The property is located in a main retail thoroughfare alongside national retailers such as Meijer, Lowe’s, Best Buy, DSW Shoe Warehouse, PetSmart, Michael’s, and Ulta. It features ingress and egress, as well as pylon signage on both 12 Mile and Telegraph Roads. The property provides convenient access to major freeways, including the Lodge (M-10), I-696, and the Southfield Freeway (M-39). The available space is 1400 square feet and suitable for retail purposes.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.286448
    Latitude
    42.500621

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    FAQs

    What type of property is this?
    Shopping center - Prominent retail center with high visibility and strong demographics.
    Where is this shopping center located?
    The property is located at 24529-24555 W 12 Mile Rd Southfield, MI.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: - High traffic location: Over 96,000 vehicles per day (VDP) at a busy intersection.; - Strong demographics: Over 214,000 residents with an average household income exceeding $109,000 within a five-mile radius.; - Located in a major retail area: Surrounded by national retailers like Meijer, Lowe’s, and Best Buy.
    (248) 538-2000
    Request Owner's contact information
    24529-24555 W 12 Mile Rd Southfield, MI 48034
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    Southfield, MI 48034
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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
    24529-24555 W 12 Mile Rd Southfield, MI 48034
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