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    23647-23881 Greenfield Rd Southfield, MI 48075

    Sponsored
    For Lease
    Contact for pricing

    Prime Southfield location, 22,900 SF available.

    Lot size:
    22,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Cornerstone Plaza, located at 23647-23881 Greenfield Road in Southfield, Michigan (zip code 48075), presents a unique retail investment opportunity. This strip center totals 22,900 square feet, currently 100% vacant and available for lease. Individual spaces range from a minimum of 3,500 square feet to a maximum contiguous space of 6,400 square feet. The property is situated in Oakland County, on the west side of Greenfield Road between 9 and 10 Mile Roads. Its strategic location offers significant advantages, including proximity to Providence Hospital, a major healthcare facility employing approximately 2,900 people. Furthermore, Cornerstone Plaza benefits from its close proximity to the Northland City Center redevelopment project, a substantial $403 million undertaking encompassing 1,500 residential units and additional commercial space. This development is expected to significantly increase foot traffic and consumer activity in the immediate area. The property includes a former restaurant space, ideal for a variety of food service concepts, and offers a prime anchor position for a business seeking high visibility and accessibility. This is an exceptional opportunity to establish a presence in a thriving Southfield retail corridor.

    Property Features for 23647-23881 Greenfield Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,900 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    4,000 SF
    Space
    Available Space
    Size
    4,000 SF
    Space
    Available Space
    Size
    6,400 SF
    Space
    Available Space
    Size
    5,000 SF
    Space
    Available Space
    Size
    3,500 SF

    HighLights

    • 22,900 SF retail strip center in Southfield, MI, currently 100% vacant.
    • Individual suites range from 3,500 SF to 6,400 SF.
    • Located on Greenfield Road between 9 Mile and 10 Mile Roads in Oakland County.
    • High visibility location near Providence Hospital (2,900 employees) and the $403M Northland City Center redevelopment.
    • Includes a former restaurant space suitable for various food service uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2030149
    Latitude
    42.464052

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Southfield location, 22,900 SF available.
    Where is this neighborhood center located?
    The property is located at 23647-23881 Greenfield Rd Southfield, MI.
    What are key features of this property?
    This property features: 22,900 SF retail strip center in Southfield, MI, currently 100% vacant.; Individual suites range from 3,500 SF to 6,400 SF.; Located on Greenfield Road between 9 Mile and 10 Mile Roads in Oakland County.
    Request Owner's contact information
    23647-23881 Greenfield Rd 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
    23647-23881 Greenfield Rd Southfield, MI 48075
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