23647-23881 Greenfield Rd, Southfield, MI 48075
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.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.