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    OFF-MARKET
    Neighborhood centers

    23647-23881 Greenfield Rd, Southfield, MI 48075

    22,900 SF
    Property ID
    Property summary
    AI-generated overview

    Cornerstone Plaza, located at 23647-23881 Greenfield Road in Southfield, Michigan (zip code 48075), presents a unique retail investment opportunity. This strip center totals 22,900 square feet, currently 100% vacant and available for lease. Individual spaces range from a minimum of 3,500 square feet to a maximum contiguous space of 6,400 square feet. The property is situated in Oakland County, on the west side of Greenfield Road between 9 and 10 Mile Roads. Its strategic location offers significant advantages, including proximity to Providence Hospital, a major healthcare facility employing approximately 2,900 people. Furthermore, Cornerstone Plaza benefits from its close proximity to the Northland City Center redevelopment project, a substantial $403 million undertaking encompassing 1,500 residential units and additional commercial space. This development is expected to significantly increase foot traffic and consumer activity in the immediate area. The property includes a former restaurant space, ideal for a variety of food service concepts, and offers a prime anchor position for a business seeking high visibility and accessibility. This is an exceptional opportunity to establish a presence in a thriving Southfield retail corridor.

    Property profile
    Verified
    Property type Neighborhood centers
    Total area 22,900 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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