High-Visibility Retail/Office Investment
29229 Northwestern Hwy, Southfield, MI 48034
Versatile property with high traffic, development potential, and diverse zoning.
Type:Retail, Office, Mixed Use, Land
Property size:
10,400 SFLot size:
1.00 AcrePrice / SF:
$91/SF- Added:
- Jul 6, 2024
- Days on Market:
- 685
- Last Refresh:
- May 13 at 8:24 pm
Property Features for 29229 Northwestern Hwy
General Information
- Standard status
- Active
- Size
- 10,400 SF
- Lot size
- 1.00 Acre
- Property subtype
- Retail, Office, Mixed Use, Land
Listing agent Joe Sesi License #MI6501424978
Listing office EXP Realty LLC
Listing date Jul 6, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC
HighLights
- Prime location on Northwestern Highway with high traffic volume and easy access to I‑696.
- Versatile B‑3 zoning permits diverse uses.
- Substantial rentable space (10,460 sq ft) across 3 buildings on approximately 1 acre with ample parking.
- Located in a federal opportunity zone, offering potential tax savings.
- Benefits from affluent demographics in the surrounding area.
- Includes a tenant‑occupied building, providing immediate income potential.
Overview
This property offers a highly visible retail or office opportunity in a prime Oakland County location. Situated on approximately 1 acre, the property includes 10,460 square feet of rentable space across three buildings with ample parking. The location provides easy access and excellent visibility on Northwestern Highway, which sees over 43,000 vehicles daily. It benefits from a signalized intersection with a dedicated turning lane and is located minutes from I-696, which sees 135,000 vehicles per day. The B-3 zoning allows for a variety of uses, including medical offices, banks, hotels, restaurants, retail, and with special approval, even a medical marijuana provisioning center. Located in a federal opportunity zone, the property offers potential tax savings for real estate investors. The front building has 3,957 square feet across two stories and a basement, featuring a conference room and storage on the second floor, a reception area, administration area, and five offices on the first floor, and additional storage, four offices, and a cubicle area in the basement. The middle building has 1,935 square feet across two stories with five offices, a reception area on the first floor, and storage space on the second floor. The back building is a 4,568-square-foot single-story building currently occupied by a dog grooming and boarding tenant. The surrounding area has affluent demographics, with a 5-mile population of over 190,000 residents and an average annual household income of $107,068.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
George W Smith ...
Accounting Firm
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3127818
- Latitude
- 42.5020823
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Versatile property with high traffic, development potential, and diverse zoning.
Where is this mixed-use property located?
The property is located at 29229 Northwestern Hwy Southfield, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime location on Northwestern Highway with high traffic volume and easy access to I‑696.; Versatile B‑3 zoning permits diverse uses.; Substantial rentable space (10,460 sq ft) across 3 buildings on approximately 1 acre with ample parking.
