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    29229 Northwestern Hwy Southfield, MI 48034

    • Office buildings
    • 7,632 SF
    • 1.01 lot acres
    For Sale
    View listing
    $999,999
    Value Estimation
    Last Sale
    Aug 25, 2023
    $535,000
    Location Intelligence
    Property ID
    US43-0061540
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • George W Smith & Co PC / Accountant / Certified Public Accountant

    Property Details for 29229 Northwestern Hwy

    Year built
    1962
    Lot size
    1.01 lot acres
    Property size
    7,632 SF
    Zone code
    P
    Property type
    Office buildings
    APN
    76-24-07-351-018
    APU
    762407351018

    Description

    This exceptional 1.01-acre commercial property in Southfield, MI, presents a lucrative investment opportunity. Boasting 7,632 square feet of space across three buildings, this B-3 zoned property offers diverse usage potential, including retail, medical offices, banks, restaurants, and even a medical marijuana provision center (subject to special approval). The property enjoys high visibility and convenient access from Northwestern Highway, near 12 Mile Road. One building is currently leased, generating a consistent monthly income of $2,700. Building A, a two-story structure, features a reception area, administrative space, multiple offices, a conference room, storage, and a finished basement. Building B is also two stories, with offices and storage. Building C, a single-story building, is currently occupied by a tenant. Ample parking is available for customers. Located in a thriving business district, home to numerous Fortune 500 companies, this property offers significant upside potential for investors seeking a strong return in a prime Southfield location. The property's versatile zoning and existing income stream make it an attractive proposition for both immediate returns and long-term growth. Southfield's robust business environment and supportive community further enhance the investment appeal.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $510,000

    • CAP approach

      CAP return
      Estimation
      6%
      $490,000
      6.5%
      $500,000
      7%
      $590,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $560,000
      Geo Method
      $605,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $565,000
      Retail
      $475,000
      Mixed-Use
      $505,000
      Hospitality
      $625,000
      Educational
      $600,000
      Residential Income
      $615,000
      Energy
      $630,000
      Income-Based Land
      $560,000
      Food Service
      $505,000

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3128
    Latitude
    42.5021
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $22,723
    $109,120
    $306,510
    $415,630
    -
    $218,240
    $613,020
    $831,260

    Comparable in this City

    • Value Estimation by Request
      149,778 SF

      29201 Telegraph Rd

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    • Value Estimation by Request
      94,128 SF

      28588 Northwestern Hwy

      OFFICE BUILDING • 94,128 SF
      28588 Northwestern Hwy, Southfield, MI 48034-1840
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    • Value Estimation by Request
      248,911 SF

      28411 Northwestern Hwy

      OFFICE BUILDING • 248,911 SF
      28411 Northwestern Hwy, Southfield, MI 48034-5544
      View Details
    • Value Estimation by Request
      66,180 SF

      25510 11th Mile Rd

      OFFICE BUILDING • 66,180 SF
      25510 11th Mile Rd, Southfield, MI 48034-2261
      View Details
    • Value Estimation by Request
      576,584 SF

      27200 11th Mile Rd

      OFFICE BUILDING • 576,584 SF
      27200 11th Mile Rd, Southfield, MI 48034-2245
      View Details
    • Value Estimation
      $660,000
      150,510 SF

      27350 11th Mile Rd

      OFFICE BUILDING • 150,510 SF
      27350 11th Mile Rd, Southfield, MI 48034-2244
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      6,082 SF

      Southfield Office Building for Rent

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    • $19 SF/Yr
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      Galleria Officentre Executive Suites

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    • $17 SF/Yr
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      Modern Office Space, 853-1290 SF Available
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    29229 Northwestern Hwy
    Southfield, MI 48034
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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