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    18203 10 Mile Rd Southfield, MI 48075

    Sponsored
    For Lease
    $17 SF/Yr ($12,466 /Mo)

    Southfield, MI: 8,800 SF Retail Space Available

    Lot size:
    8,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail opportunity presents a fully vacant, 8,800 square foot neighborhood center situated on a 2.53-acre lot at 18203-18235 West Ten Mile Road in Southfield, Michigan. The property, zoned B-1, boasts a prime location with excellent visibility and accessibility, conveniently situated near Southfield Road. Built in 1965 and renovated in 2003, the single-story building offers flexible space options, with a minimum divisible unit of 2,600 square feet and a maximum contiguous space of 6,200 square feet. Ample parking is provided with 162 spaces available for customers and employees. The property is located within the Southfield S of 10 Mile submarket in Oakland County, Michigan, and features a convenient address with easy access to major thoroughfares. This versatile space is ideal for a variety of retail or restaurant uses, presenting a unique chance to establish a thriving business in a well-established area. The property's location in Oakland County, MI, zip code 48075, offers a strong demographic profile and significant foot traffic. The building's single-story design and ample parking ensure convenient access for customers. This is a rare opportunity to lease a substantial retail space in a desirable location. The property's size and layout offer significant flexibility for potential tenants.

    Property Features for 18203 10 Mile Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,800 SF
    Total Rate
    12466.67

    Building Details

    Year Built/Renovated
    1965/2003
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    6,200 SF
    Rate per SF
    $17
    Space
    Available Space
    Size
    2,600 SF
    Rate per SF
    $17

    HighLights

    • 8,800 square feet available in a fully vacant neighborhood center.
    • Suitable for retail, restaurant, or medical uses.
    • High visibility location with ample parking (162 spaces).
    • Join existing tenants Wing Hong Restaurant & Dollar General.
    • New façade planned for 2024.
    • Lease rate: $17.00/sq. ft. NNN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -83.2230784
    Latitude
    42.4727079

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    FAQs

    What type of property is this?
    Neighborhood center - Southfield, MI: 8,800 SF Retail Space Available
    Where is this neighborhood center located?
    The property is located at 18203 10 Mile Rd Southfield, MI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 8,800 square feet available in a fully vacant neighborhood center.; Suitable for retail, restaurant, or medical uses.; High visibility location with ample parking (162 spaces).
    Request Owner's contact information
    18203 10 Mile 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
    18203 10 Mile Rd Southfield, MI 48075
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