16983 W 10 Mile Road, Southfield, MI 48075
Converted office building on a busy main road with multiple rooms, a sizable basement, and ample front and rear parking.
- Added:
- Nov 25, 2025
- Days on Market:
- 225
- Last Refresh:
- Jul 8 at 1:56 am
Property Features for 16983 W 10 Mile Road
General Information
- Standard status
- Active
- Size
- 1,208 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1959
Listing office Brookstone, Realtors LLC (248) 249-4999
Listing date Nov 25, 2025
Source Sabudarealty
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All listing content including descriptions, pricing, images are the copyrighted material of Brookstone, Realtors LLC
HighLights
- Converted office building built in 1959, used as a recording studio and office conversion since 1993
- 3 offices plus a secretary area with lobby
- 1,208 SF basement for storage
- Long driveway with plenty of front and rear parking
- New roof tear‑off approved (2015)
- Available for lease at $2,000/month; land contract terms and seller financing available
Overview
The building sits on a busy commercial main road with multiple businesses and visibility to passing traffic. It is located close to major expressways, supporting easy access for customers, staff, and deliveries.
While the property has been used as an office since a conversion in 1993, it is described as adaptable for multiple purposes such as storage, barbershop, medical, spa, salon, office, and other retail. The combination of dedicated rooms, lobby space, and basement storage can support a range of small business and service-oriented uses, subject to the buyer’s intended configuration and any applicable requirements.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.4k | $25.20 |
| − Vacancy | −$3.2k | −$2.65 |
| EGI | $27.2k | $22.55 |
| − OpEx | −$10.9k | −$9.02 |
| NOI | $16.3k | $13.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.21286
- Latitude
- 42.473263
