18203 10 Mile Rd Southfield, MI 48075
- Community centers
- 27,760 SF
- 2.58 lot acres
Current Use by Public Records
- Community centers
Property Details for 18203 10 Mile Rd
- Year built
- 1965
- Lot size
- 2.58 lot acres
- Property size
- 27,760 SF
- Zone code
- B-2
- Property type
- Community centers
- APN
- 76-24-26-226-002
- APU
- 762426226002
Description
This exceptional retail opportunity presents a fully vacant, 8,800 square foot neighborhood center situated on a 2.53-acre lot at 18203-18235 West Ten Mile Road in Southfield, Michigan. The property, zoned B-1, boasts a prime location with excellent visibility and accessibility, conveniently situated near Southfield Road. Built in 1965 and renovated in 2003, the single-story building offers flexible space options, with a minimum divisible unit of 2,600 square feet and a maximum contiguous space of 6,200 square feet. Ample parking is provided with 162 spaces available for customers and employees. The property is located within the Southfield S of 10 Mile submarket in Oakland County, Michigan, and features a convenient address with easy access to major thoroughfares. This versatile space is ideal for a variety of retail or restaurant uses, presenting a unique chance to establish a thriving business in a well-established area. The property's location in Oakland County, MI, zip code 48075, offers a strong demographic profile and significant foot traffic. The building's single-story design and ample parking ensure convenient access for customers. This is a rare opportunity to lease a substantial retail space in a desirable location. The property's size and layout offer significant flexibility for potential tenants.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $680,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $800,000
- 6.5%
- $760,000
- 7%
- $815,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $720,000
- Geo Method
- $690,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $820,000
- Retail
- $670,000
- Mixed-Use
- $915,000
- Hospitality
- $890,000
- Educational
- $815,000
- Residential Income
- $795,000
- Energy
- $865,000
- Income-Based Land
- $740,000
- Food Service
- $835,000
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2227
- Latitude
- 42.4729
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA