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    29433 Southfield Rd Southfield, MI 48076

    For Lease
    $13,800 /Mo ($6 SF/Yr)

    Prime Southfield Office Space, Abundant Parking

    Lot size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    The Park, located at 29433 Southfield Rd, Southfield, MI 48076, presents a unique investment opportunity. This Class B office building, totaling 25,000 square feet, sits on a 1.82-acre lot and boasts a prime location with easy access to 12 Mile Road. Built in 1972 and extensively renovated in 2023, the two-story building offers multiple tenancy options, with two spaces currently available ranging from 100 to 850 square feet. The property features 85 parking spaces, providing ample convenience for tenants and visitors. While there are no elevators, the building's layout is easily accessible. Currently, three suites are built out for massage and esthetician services, but the flexible space is adaptable to various uses. A dedicated storage room adds to the functionality. The property benefits from on-site maintenance and security features, enhancing the overall tenant experience. The zoning is OS, and the APN is 24-11-479-044 in Oakland County. This property is ideal for businesses seeking a well-maintained, conveniently located office space in a thriving Southfield community. The building's recent renovation ensures modern amenities and a comfortable work environment.

    Property Features for 29433 Southfield Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,000 SF
    Class
    B
    Total Rate
    13800

    Building Details

    Year Built/Renovated
    1972/2023
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    The Park - Suite 115
    Size
    850 SF
    Rate per SF
    $13,800
    Space
    The Park - Spa Suites
    Size
    100 SF

    HighLights

    • Extensive interior and exterior renovations.
    • On‑site property management and maintenance.
    • 24/7 security system.
    • Ample convenient parking.
    • Excellent accessibility and convenient location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kim Soon K ... Psychiatrist Griffin Properties Real Estate Agency Major Ki Beauty Spa General Motors Minority ... Non-Profit Organization Massages in Paradise Massage Spa

    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
    -83.224459
    Latitude
    42.5058135

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    FAQs

    What type of property is this?
    Office space - Prime Southfield Office Space, Abundant Parking
    Where is this office space located?
    The property is located at 29433 Southfield Rd Southfield, MI.
    What is the lease rate?
    The lease rate is $0.00-$13,800 SF/Yr.
    What are key features of this property?
    This property features: Extensive interior and exterior renovations.; On-site property management and maintenance.; 24/7 security system.
    Request Owner's contact information
    29433 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
    29433 Southfield Rd Southfield, MI 48076
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