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Property profile & analytics
OFF-MARKET Estimated value $13,765,000
Commercial real estate

21500 Northwestern Hwy Southfield, MI 48075-5018

125,071 SF 9.1 ac lot Built 1998
Entity Owned 3-yr Hold Free & Clear
Property ID
US43-2347983
Property summary
AI-generated overview

This exceptional 100,000 square foot medical office opportunity is located within the revitalized Northland City Center in Southfield, Michigan. Situated on a 100-acre lot, this 2022-built property offers flexible spaces ranging from 2,000 to 100,000 contiguous square feet, currently entirely vacant. The building is part of a larger mixed-use development, transforming a former landmark shopping center into a vibrant urban center. The project includes residential units, landscaped areas, and parking facilities, creating a dynamic and desirable location for medical practices. The property's prime location at 21500 Northwestern Highway, Southfield, MI 48075, in Oakland County, ensures high visibility and accessibility. This redevelopment project respects the historical significance of the original 1954 Northland Center while creating a modern, state-of-the-art environment. The inclusion of a planned regional attraction further enhances the property's appeal and potential for success. This is a unique chance to establish a medical practice in a thriving, newly developed community. The entire 100,000 square feet is available for lease.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1998
Total area 125,071 SF
Lot 9.1 ac (396,396 SF)
Zoning code RS
APN 76-24-36-476-040
UPID US43-2347983
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • National Wholesale Liquidator Liquidator
  • Northland City Center Apartment Complex
  • Dr. Edward Stein Physician
  • Antonio S Abate Dental Office
  • Northland Center Park Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$13.77M
Owner & transaction history
Costco Wholesale Corporation · 3 yrs held
Costco Wholesale Corporation
since 2023
2 recorded transactions
2023
Price N/A
2016
Price N/A
Zoning & alternative use
RS · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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