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    29229 Northwestern Hwy Southfield, MI 48034

    Sponsored
    For Sale
    $999,999

    10,460 SF, 3 Buildings, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Southfield investment opportunity encompasses 10,460 square feet of rentable space distributed across three buildings situated on approximately one acre of land. The property boasts a highly visible location on Northwestern Highway, a major thoroughfare with over 43,000 vehicles daily, and benefits from a signalized intersection with a dedicated turning lane, minutes from I-696. The flexible B-3 zoning allows for diverse uses, including medical office, bank, hotel, restaurant, retail, and even a medical marijuana provisioning center (with special approval). The front building (3,957 sq ft) is a two-story structure with a basement, featuring office space, a reception area, and a conference room. The middle building (1,935 sq ft) is also two stories, offering additional office space and storage. The rear building (4,568 sq ft) is a single-story structure currently leased to a dog grooming and boarding business. Ample parking is available. This property is located in a federal opportunity zone, presenting potential tax advantages for investors. The surrounding area's affluent demographics, with a 5-mile population exceeding 190,000 residents and an average annual household income of $107,068, offer significant market potential. The asking price is $999,999. This is a prime value-add opportunity to reposition the property to suit your business needs.

    Property Features for 29229 Northwestern Hwy

    General Information

    Property type
    Day care centers

    HighLights

    • 10,400 SF of commercial space across three buildings on a one‑acre lot.
    • Significant value‑add opportunity.
    • B‑3 zoning in a business district.
    • Building sizes: Front - 3,957 SF, Middle - 1,935 SF, Rear - 4,568 SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    George W Smith ... Certified Public Accountant

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Law Firm 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
    -83.3124832
    Latitude
    42.5024959

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    FAQs

    What type of property is this?
    Day care center - 10,460 SF, 3 Buildings, High Visibility
    Where is this day care center located?
    The property is located at 29229 Northwestern Hwy Southfield, MI.
    What is the asking price?
    The asking price for this property is $999,999.
    What are key features of this property?
    This property features: 10,400 SF of commercial space across three buildings on a one-acre lot.; Significant value-add opportunity.; B-3 zoning in a business district.
    Request Owner's contact information
    29229 Northwestern Hwy Southfield, MI 48034
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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
    29229 Northwestern Hwy Southfield, MI 48034
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