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    15565 Northland Dr Southfield, MI 48075

    Sponsored
    For Sale
    Contact for pricing

    Southfield Office Complex: Redevelopment Potential

    Property size:
    399,272 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13.78-acre property in Southfield, Michigan, presents a compelling redevelopment opportunity. The site encompasses four office buildings totaling 399,272 square feet, with 354,955 square feet of net rentable space. Constructed between 1963 and 1968, and renovated in 2010, the nine-story buildings are situated on four individual parcels, offering flexibility for future development. The property boasts high visibility from three sides, with excellent access to the Lodge Freeway (M-10), 8 Mile Road, and Greenfield Road, experiencing significant daily traffic volume. Its strategic location is adjacent to the former Northland Mall, now undergoing a major city-led redevelopment project, and a newly constructed Costco, creating a dynamic and evolving neighborhood. The B-1 zoning allows for diverse mixed-use possibilities, including corporate headquarters, R&D, retail, and residential components. The Michigan Economic Development Corporation offers various tax incentives to support redevelopment projects, further enhancing the financial upside potential. This prime location within Southfield's largest office submarket, coupled with the surrounding revitalization efforts, makes this a unique investment opportunity with significant potential for substantial returns. The existing buildings, while currently diminished in economic viability due to market factors, provide a solid foundation for a transformative project.

    Property Features for 15565 Northland Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    399,272 SF
    Lot Size
    600,257 SF

    Building Details

    Year Built/Renovated
    1963/2010
    Stories
    9

    HighLights

    • Prime Detroit location with easy freeway access (M‑10/Lodge Fwy).
    • High visibility and accessibility via M‑10/Lodge Fwy, 8 Mile Rd, and Greenfield Rd.
    • Flexible zoning allows for mixed‑use development.
    • Significant redevelopment potential with strong ROI.
    • Situated in Southfield's thriving office submarket (23M+ sq ft).
    • Adjacent to $285M Northland City Center and new Costco.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triple T Medical ... Medical Center Sittin Pretty Beauty ... Beauty Salon Blessed Hands Tax ... Tax Preparation Service 4th Quarter Creations Print Shop Northland Tower Associates Business Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop 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
    -83.2026277
    Latitude
    42.4469793

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    FAQs

    What type of property is this?
    Office Property / Space - Southfield Office Complex: Redevelopment Potential
    Where is this office property / space located?
    The property is located at 15565 Northland Dr Southfield, MI.
    What are key features of this property?
    This property features: Prime Detroit location with easy freeway access (M-10/Lodge Fwy).; High visibility and accessibility via M-10/Lodge Fwy, 8 Mile Rd, and Greenfield Rd.; Flexible zoning allows for mixed-use development.
    (248) 415-2612
    Request Owner's contact information
    15565 Northland Dr Southfield, MI 48075
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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
    15565 Northland Dr Southfield, MI 48075
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