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    29706 Southfield Rd Southfield, MI 48076

    Sponsored
    For Lease
    $12 SF/Yr

    Restaurant & Retail Space Available Now

    Lot size:
    55,196 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Southfield Plaza offers an exceptional opportunity for retail and restaurant businesses seeking prime space in a thriving shopping center. A total of 55,196 square feet is currently available for lease, divisible into units ranging from a minimum of 1,500 square feet to a maximum contiguous space of 42,671 square feet. Seven spaces are available in total, providing flexibility for various business needs and sizes. The property boasts a strong tenant mix, including established national retailers such as Burlington, Big Lots!, and Forman Mills, ensuring high foot traffic and visibility for new tenants. One of the available spaces is a former restaurant, retaining some existing infrastructure which could be advantageous for a similar business. This presents a unique opportunity to establish a presence in a well-established and successful shopping center with a proven track record of attracting customers. The diverse range of available space sizes makes Southfield Plaza an ideal location for businesses of all scales, from smaller boutiques to larger-format retail or restaurant concepts. The property's location within a busy shopping center guarantees significant exposure and a built-in customer base. Interested parties are encouraged to inquire about lease terms and availability.

    Property Features for 29706 Southfield Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    55,196 SF
    Total Rate
    55196

    Unit(s) available at that property

    Space
    Unit 29702-1
    Size
    1,800 SF
    Rate per SF
    $12
    Space
    Unit C-106
    Size
    3,600 SF
    Space
    Available Space 11
    Size
    2,140 SF
    Rate per SF
    $12
    Space
    Unit 29730
    Size
    2,140 SF
    Space
    Unit 29702-R
    Size
    3,600 SF
    Space
    Unit 29702
    Size
    1,800 SF
    Rate per SF
    $12
    Space
    Unit 29708
    Size
    42,671 SF

    HighLights

    • Retail property totaling 55,196 square feet.
    • Seven available spaces ranging from 1,500 to 42,671 square feet.
    • Fully vacant, 55,196 square feet available for lease.
    • Strong tenant mix including Burlington, Big Lots, and Forman Mills.
    • Former restaurant space available with existing infrastructure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -83.22149754
    Latitude
    42.50811948

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    FAQs

    What type of property is this?
    Restaurant - Restaurant & Retail Space Available Now
    Where is this restaurant located?
    The property is located at 29706 Southfield Rd Southfield, MI.
    What is the lease rate?
    The lease rate is $0.00-$12 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 55,196 square feet.; Seven available spaces ranging from 1,500 to 42,671 square feet.; Fully vacant, 55,196 square feet available for lease.
    Request Owner's contact information
    29706 Southfield Rd Southfield, MI 48076
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    Southfield, MI 48076
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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
    29706 Southfield Rd Southfield, MI 48076
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