Property profile

23647-23881 Greenfield Rd Southfield, MI 48075

OFF-MARKET
Neighborhood centers
22,900 SF
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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

Location

23647-23881 Greenfield Rd Southfield, MI 48075
Southfield metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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