29706 Southfield Rd Southfield, MI 48076
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.