24061 - 24063 W 10 Mile Road, Southfield, MI 48033
Flexible flex-retail building with recent upgrades, split into two spaces and served by a rear grade-level door.
- Added:
- Jun 25, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 27 at 2:09 am
Property Features for 24061 - 24063 W 10 Mile Road
General Information
- Standard status
- Active
- Size
- 5,767 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1968
Listing office KJ Commercial (248) 881-4055
Listing date Jun 25, 2026
Source Kjcre
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 KJ Commercial
HighLights
- ±5,767 SF flex/retail building for sale or lease, currently split into two spaces.
- Rear grade‑level door provides dedicated access to one side of the building layout.
- Recent upgrades include new windows, new facade, plumbing, LED lighting, HVAC, and kitchenette.
- Epoxy flooring and new doors throughout.
- Rear asphalt was replaced in 2025.
- Shared parking available with neighboring buildings in the front and rear.
Overview
Shared parking is available with neighboring buildings in both the front and the rear, supporting practical day-to-day customer and employee access. The configuration allows operations to use the building’s primary frontage and rear loading entry without requiring exclusive parking arrangements.
For tenants and buyers seeking a turn-key flex/retail setup, the recent upgrades provide a strong baseline for office, showroom, or light retail-style use across the two spaces. The rear grade-level door can also support deliveries or back-of-house movement, while the shared parking layout accommodates steady customer access for the building’s intended retail and flex functions.
Local Financial Insights For Retail
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 | $96.9k | $16.80 |
| − Vacancy | −$8.2k | −$1.43 |
| EGI | $88.7k | $15.37 |
| − OpEx | −$26.6k | −$4.61 |
| NOI | $62.1k | $10.76 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.280289
- Latitude
- 42.471597
