Building Details

Year Renovated 2024

Listing Agency: CMP Real Estate Group

Listed By: TJ Yaldo · License #6501462695

Source: Cpix.resimplifi

Added: Mar 24 Changed: Aug 16 Last Checked: Sep 5 at 3:50AM

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Investment Insights

Based on property information with market context.

Franklin Plaza is a shopping center positioned at the intersection of Twelve Mile and Northwestern Highway (M-10). The center underwent a refacade completed in 2024, providing an updated exterior presentation. It is described as having over 41,000 VPD along Northwestern Highway, supporting visibility for retail uses.

Northwestern Highway (M-10) is a major artery connecting the Southfield office market to Downtown Detroit. The area also includes just over 130,000 employees within a five-mile radius of Franklin Plaza, contributing to daytime population. The Twelve Mile & Telegraph intersection is approximately one mile east of the center, noted as one of the busiest intersections in Oakland County.

For tenants seeking space in an actively refreshed retail environment, Franklin Plaza’s recent exterior improvements and high-traffic corridor positioning are key considerations.

Key Highlights

• Franklin Plaza shopping center located at Twelve Mile & Northwestern Highway (M‑10) intersection
• Over 41,000 VPD on Northwestern Highway (M‑10)
• Refacade of the center completed in 2024

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Auto Repair Shop Parking Lot & Garage Kitchen & Bath Showroom Auto Parts Store Grocery & Convenience Store Building Supply

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

41,000 VPD

Traffic count

Yes

Highway access

Yes

Paved road access

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,906

Businesses Nearby

127k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 55% Shops & Services 44% Electronics 1%

McDonald's Dining

27,713 visits/mo 0.4 miles

Starbucks Dining

12,753 visits/mo 0.1 miles

Sunoco Shops & Services

11,311 visits/mo 0.1 miles

Burger King Dining

11,091 visits/mo 0.3 miles

Dollar Tree Shops & Services

10,633 visits/mo 0.1 miles

Demographics for 48034, MI

14,480

Population

8,634

Households

1.7

Avg Household Size

43

Median Age

40%

College-Educated

96%

High-School Grad

4.3 sq mi

ZIP Area

3,367

Density / Sq Mi

$59,634

Median Household Income

$40,068

Median Earnings

$1,275

Median Rent

$259,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this shopping centers located? What is the lease rate? Find similar properties What are key features of this property?

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Shopping center - Franklin Plaza is a refaced shopping center anchored on Northwestern Highway with strong nearby daytime employment.

Where is this shopping center located?

The property is located at 29101-29199 Northwestern Highway Southfield, MI.

What are key features of this property?

This property features: Franklin Plaza shopping center located at Twelve Mile & Northwestern Highway (M‑10) intersection; Over 41,000 VPD on Northwestern Highway (M‑10); Refacade of the center completed in 2024