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Southfield Commercial Space for Lease
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21455 Melrose Ave, Southfield, MI 48075

Commercial space available for lease in Southfield, Michigan.

Space Size1,655 SF - 6,919 SF
Property Size378,762 SF
Days on Market2227

Property Features for 21455 Melrose Ave

General Information

Standard status Active
Size 1,655 SF - 6,919 SF
Property subtype Office, Industrial
Lease Type NNN

Building Details

Building Size 378,762 SF
Year Built 1986
Tenancy Multiple

Spaces For Lease

at 21455 Melrose Ave Contact us

Building Q, Suite A (21355)

Size
6,919 SF
Availability
Active
Contact us

Building S - Suite 2 (21555)

Size
1,655 SF
Availability
Active
Contact us

Building S - Suite 3 (21555)

Size
2,266 SF
Availability
Active
Contact us
Listing Agency: Friedman Real Estate
Listed By: Glenn Desrosiers · License #MI
Source: Crexi
Added: Aug 3, 2020 Changed: Sep 5 Last Checked: Sep 6 at 9:49PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Friedman Real Estate

Investment Insights

Based on property information with market context.

This commercial space is available for rent on a triple-net (NNN) basis, excluding taxes, building insurance, and common area maintenance expenses. The NNN charges are estimated to be approximately $4.25 per square foot per year and will be billed to the tenant monthly. The rental rate is subject to a $0.25 per square foot annual increase. The quoted rent is for "as is" space, subject to the length of the lease and leasehold improvements. Gas and electric are separately metered and are the responsibility of the tenant. The rate is subject to change depending upon the tenant’s leasehold improvement requirements. The property is located on Melrose Avenue in Southfield, Michigan.

Key Highlights

  • Triple‑net (NNN) lease structure allows for potentially lower base rent.
  • Existing space available 'as is'.
  • Gas and electric are separately metered, providing control over utility costs.

Property Analytics

Current Use

US Laboratories Medical Laboratory B Gallerie Hotel & Motel Watchdog Security Security Service TS Tech Americas ... Corporate Office CVS TRANSPORTATION SERVICES Handicapped Transportation Service

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Dental Office Building Supply Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

367
Businesses Nearby
Under-served
Demand for This Use

Demographics for 48075, MI

22,967
Population
10,757
Households
2.1
Avg Household Size
42
Median Age
39%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
3,146
Density / Sq Mi
$67,630
Median Household Income
$43,417
Median Earnings
$1,284
Median Rent
$218,900
Median Home Value

Market

Lease Benchmarks for Southfield, MI

$21.7 /SF/Yr
Avg Asking Price
$1.5–$299 /SF/Yr
Price Range
42,210 SF
Avg Space Size

This space is priced 62% below the average of $21.7 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Similar Off Market Nearby

  • Center for Computer Forensics 21800 Melrose Ave Suite1, Southfield, MI 48075

Frequently Asked Questions

What type of property is this?
Office space - Commercial space available for lease in Southfield, Michigan.
Where is this office space located?
The property is located at 21455 Melrose Ave Southfield, MI.
What is the lease rate?
The lease rate is $8.15 SF/Yr.
What are key features of this property?
This property features: Triple‑net (NNN) lease structure allows for potentially lower base rent.; Existing space available 'as is'.; Gas and electric are separately metered, providing control over utility costs.
More about this property
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