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    29255 Northwestern Hwy Southfield, MI 48034

    Sponsored
    For Lease
    $23 SF/Yr

    Modern medical/creative office space for lease.

    Lot size:
    27,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 27,300 square foot medical and creative office building, situated on a 1.99-acre lot in desirable Southfield, Michigan, presents a unique leasing opportunity. Built in 1983 and extensively renovated in 2004, the property boasts a prime location at 29255 Northwestern Hwy, 48034, with convenient access to major thoroughfares. Currently, 1,980 square feet of office space is available for lease within this multi-tenant building. The building offers ample parking with 165 spaces available for tenants and visitors. The property is zoned B-3, allowing for a variety of uses. The building's modern design caters to both medical and creative office tenants, offering a flexible and adaptable workspace. With its strategic location, substantial parking, and recent renovations, this property represents a compelling investment opportunity for businesses seeking a high-quality, well-maintained office space in a thriving Oakland County community. The property's APN is 24-07-351-074.

    Property Features for 29255 Northwestern Hwy

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,300 SF
    Total Rate
    53462.5

    Building Details

    Year Built/Renovated
    1983/2004

    Unit(s) available at that property

    Space
    Suite 105
    Size
    1,980 SF
    Rate per SF
    $23

    HighLights

    • 27,300 SF contemporary medical office building.
    • 1,980 SF suite available for lease.
    • Newly renovated common areas.
    • Excellent Northwestern Hwy location, with convenient I‑696 access.
    • Lease rate: $23.50/SF gross, plus electric.
    Property Profile Location Intelligence

    Current Use by Public Records

    David Cowin Orthopedic Surgeon Millennium Medical and Surgical ... Podiatrist Meghan E. Anderson, ... Physical Therapist My Kid's Doc Pediatrician 3D Body Sculpting ... Skin Care Clinic

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Law Firm Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3128383
    Latitude
    42.5025357

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    FAQs

    What type of property is this?
    Office space - Modern medical/creative office space for lease.
    Where is this office space located?
    The property is located at 29255 Northwestern Hwy Southfield, MI.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: 27,300 SF contemporary medical office building.; 1,980 SF suite available for lease.; Newly renovated common areas.
    Request Owner's contact information
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    Southfield, MI 48034
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    29255 Northwestern Hwy Southfield, MI 48034
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