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    FOR LEASE
    Community centers

    18203 West 10 Mile Rd, Southfield, MI 48075

    27,760 SF 2.58 ac lot Built 1965
    Entity Owned 16-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1372746
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1965
    Total area 27,760 SF
    Lot 2.58 ac (112,341 SF)
    Zoning code B-2
    APN 76-24-26-226-002
    UPID US43-1372746
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $862k
    Blend (final) Blend
    $1.27M
    Owner & transaction history
    Acho Associates LLC · 16 yrs held
    Acho Associates LLC
    since 2010
    2 recorded transactions
    2010
    1969
    Zoning & alternative use
    B-2 · Southfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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