Property profile & analytics
15565 Northland E Dr Southfield, MI 48075-5302
- Office buildings
- 113,625 SF
- 1.98 lot acres
OFF-MARKET
Value Estimations
$3,325,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-1586586
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
- Triple T Medical P / Medical Clinic
- Sittin Pretty Beauty Bar LLC / Hair Salon / Nail Salon
- Blessed Hands Tax and Financial Service / Tax Preparation
- 4th Quarter Creations / (Bike/Boat/Book/etc) Store / Printing Service
- Northland Tower Associates / Business Service Center / Corporate Office
Property Details for 15565 Northland E Dr
- Year built
- 1963
- Lot size
- 1.98 lot acres
- Property size
- 113,625 SF
- Zone code
- RS
- Property type
- Office buildings
- APN
- 76-24-36-477-002
- APU
- 762436477002
Description
This exceptional 13.78-acre property in Southfield, Michigan, presents a compelling redevelopment opportunity. The site encompasses four office buildings totaling 399,272 square feet, with 354,955 square feet of net rentable space. Constructed between 1963 and 1968, and renovated in 2010, the nine-story buildings are situated on four individual parcels, offering flexibility for future development. The property boasts high visibility from three sides, with excellent access to the Lodge Freeway (M-10), 8 Mile Road, and Greenfield Road, experiencing significant daily traffic volume. Its strategic location is adjacent to the former Northland Mall, now undergoing a major city-led redevelopment project, and a newly constructed Costco, creating a dynamic and evolving neighborhood. The B-1 zoning allows for diverse mixed-use possibilities, including corporate headquarters, R&D, retail, and residential components. The Michigan Economic Development Corporation offers various tax incentives to support redevelopment projects, further enhancing the financial upside potential. This prime location within Southfield's largest office submarket, coupled with the surrounding revitalization efforts, makes this a unique investment opportunity with significant potential for substantial returns. The existing buildings, while currently diminished in economic viability due to market factors, provide a solid foundation for a transformative project.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,416,000
- AI Estimate
- $2,896,000
Market price range: $3.42M - $9.53MMarket price range: $2.90M - $6.77M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2029
- Latitude
- 42.4471
- 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
$9,081
$87,000
$657,470
$744,470
-
$174,000
$1,314,940
$1,488,940
