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    OFF-MARKET
    Commercial real estate

    9 Mile Rd, Southfield, MI 48033

    0.73 ac lot Built 1970
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 100% occupied flex income property situated on a 0.73-acre lot in the desirable Southfield, MI location. The property boasts a prime location with convenient access to major roads and freeways, ensuring high visibility and accessibility for tenants. All current tenants are on long-term leases, providing a stable and predictable income stream. Recent improvements include a brand-new roof and HVAC system, minimizing immediate maintenance concerns and maximizing energy efficiency. The parking lot has recently been restriped, enhancing the overall aesthetic appeal and functionality. The property also features ample parking spaces for tenants and visitors. Each subdivided basement unit includes dedicated storage space, adding value and utility for occupants. Low property taxes further enhance the profitability of this investment. This is a turnkey operation ideal for a passive income investor seeking a stable and appreciating asset in a thriving commercial area. The property's strong occupancy rate, recent upgrades, and strategic location make it a compelling investment opportunity with significant potential for long-term growth and return. This is a rare chance to acquire a well-maintained, high-performing commercial property in a prime Southfield location.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1970
    Lot 0.73 ac (31,799 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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