29955 Southfield RdSouthfield, MI 48076

Property Details for 29955 Southfield Rd

Year built

2009

Lot size

0.97 AC

Property size (Sq ft)

3,135 SF

Zone code

OS

Property type

Retail properties

Property subtype

Banks

APN

76-24-11-277-028

APU

762411277028

Description

This exceptional freestanding retail property, formerly a Chase Bank, offers 4,270 square feet of immaculate space available for lease. Situated on a 0.98-acre lot at a signalized intersection on Southfield Road in Oakland County, Michigan, this location boasts impressive visibility and accessibility. Daily traffic counts exceed 35,000 vehicles, ensuring high exposure for your business. The building is in excellent condition and features a convenient drive-thru configuration with four lanes, perfectly suited for businesses requiring this functionality. Ample parking is provided with 28 spaces available for customers and employees. The single-tenant occupancy allows for complete customization and control over the space. This property presents a unique opportunity for a business seeking a high-traffic, highly visible location in a thriving commercial area. The building's excellent condition minimizes upfront capital expenditures, allowing for a quicker return on investment. The strategic location, combined with the ample parking and drive-thru lanes, makes this an ideal space for a variety of retail businesses. Don't miss this chance to establish your presence in a prime Southfield location.

• CAP approach

  CAP return

  Valuation

  6%

  $788,911

  6.5%

  $728,226

  7%

  $676,210

• Comparable approach

  Method

  Valuation

  Relative Method

  $738,985

  Geo Method

  $738,985

• Alternative Use

  Use

  Valuation

  Residential

  $614,286

  Hospitality

  $562,682

  Educational

  $468,145

  Medical

  $484,245

  Retail

  $728,226

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.5099

Longitude

-83.2238

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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