Showroom with Open Floor
For Sale
$4,700,000
29145 Telegraph Rd, Southfield, MI 48034
The property carries B-3 zoning and includes on-site parking for a range of commercial uses.
Property Size23,337 SF
Lot Size1.12 Acres
Days on Market56
Property Features for 29145 Telegraph Rd
General Information
Standard status
Active
Size
23,337 SF
Class
C
Lot size
1.12 Acres
Property subtype
Retail - Street Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial
Building Details
Building Size
23,337 SF
Year Built
1966
Year Renovated
2006
Listing Agency:
Signature Associates
Listed By:
Chris D'Angelo
(248) 930-2587
Source:
Commercialcafe
Added: Aug 22
Changed: Oct 10
Last Checked: Oct 16 at 6:01AM
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 Signature Associates
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Investment Insights
Based on property information with market context.
This showroom property includes a 23,337-square-foot commercial structure with expansive open floor space, prominent signage, and on-site parking. Built in 1966, the building offers immediate functionality for showroom and retail operations, with the source information also identifying medical, educational, fitness, and specialty commercial uses. The site is positioned for continued occupancy, repositioning, adaptive reuse, or ground-up redevelopment.
The property occupies approximately 1.12 acres along Telegraph Road in Southfield, near 12 Mile Road. Regional access includes proximity to M-10 and I-696, while the surrounding corridor includes national retailers. B-3 zoning is in place, providing the stated commercial land-use designation for the property.
The property occupies approximately 1.12 acres along Telegraph Road in Southfield, near 12 Mile Road. Regional access includes proximity to M-10 and I-696, while the surrounding corridor includes national retailers. B-3 zoning is in place, providing the stated commercial land-use designation for the property.
Key Highlights
- 23,337‑square‑foot commercial showroom structure
- Approximately 1.12‑acre site along Telegraph Road
- Expansive open floor space with prominent signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$251,115
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,022,300
$5.0M
Cap Rate 7%
$3,587,357
$3.6M
Cap Rate 9%
$2,790,167
$2.8M
Market Conditions
NOI Build-Up for 23,337 SF
Gross rent
$392.1K $16.80/SF
− Vacancy
−$33.3K −$1.43/SF
EGI
$358.7K $15.37/SF
− OpEx
−$107.6K −$4.61/SF
NOI
$251.1K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,022,300
Cap Rate 7%
$3,587,357
Cap Rate 9%
$2,790,167
Alternative Uses
Best Use
Retail
$3.59M
$3.14M – $4.19M
NOI $251,115 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.03M
$4.40M – $5.87M
NOI $352,351 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,475
Businesses Nearby
483k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 23%
Groceries 21%
Electronics 10%
Meijer
Groceries
103,754 visits/mo
0.2 miles
Chick-fil-A
Dining
65,483 visits/mo
0.4 miles
Best Buy
Electronics
37,721 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
30,036 visits/mo
0.3 miles
BP
Shops & Services
28,750 visits/mo
0.2 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Lowe's Home Improvement — 28650 Telegraph Rd, Southfield, MI 48034
Frequently Asked Questions
What type of property is this?
Showroom - The property carries B-3 zoning and includes on-site parking for a range of commercial uses.
Where is this showroom located?
The property is located at 29145 Telegraph Rd Southfield, MI.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: 23,337‑square‑foot commercial showroom structure; Approximately 1.12‑acre site along Telegraph Road; Expansive open floor space with prominent signage
