26710 Southfield RdLathrup Village, MI 48076

Property Details for 26710 Southfield Rd

Year built

1974

Lot size

0.69 AC

Property size (Sq ft)

9,345 SF

Zone code

BI

Property type

Retail properties

Property subtype

Retail space

APN

40-24-24-103-032

APU

402424103032

Description

This 1,100 square foot, single-tenant retail space is located at 26710 Southfield Road, Lathrup Village, MI 48076, on a 0.69-acre lot. The property, zoned commercial (APN 2424103032), boasts a freshly renovated interior (2024) featuring new paint, flooring, and modern furnishings. Ideal for a salon, the space includes eight styling chairs, three shampoo bowls, a bathroom, and a break room. Its prime location in a bustling plaza ensures high visibility and foot traffic, further enhanced by a new neighboring coffee shop. Ample parking is available. The single-story building offers excellent opportunities for signage. This turnkey property is ready for immediate occupancy. All information is deemed reliable but not guaranteed.

• CAP approach

  CAP return

  Valuation

  6%

  $2,351,634

  6.5%

  $2,170,740

  7%

  $2,015,687

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,202,811

  Geo Method

  $2,202,811

• Alternative Use

  Use

  Valuation

  Residential

  $1,831,100

  Hospitality

  $1,677,278

  Educational

  $1,395,475

  Medical

  $1,443,468

  Retail

  $2,170,740

Location Insight

City

Lathrup Village

County

Oakland

State

Michigan

Latitude

42.4863

Longitude

-83.2212

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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