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    Property profile & analytics
    OFF-MARKET Estimated value $13,765,000
    Commercial real estate

    21500 Northwestern Hwy, Southfield, MI 48075-5018

    125,071 SF 9.1 ac lot Built 1998
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US43-2347983
    Property summary
    AI-generated overview

    This exceptional 100,000 square foot medical office opportunity is located within the revitalized Northland City Center in Southfield, Michigan. Situated on a 100-acre lot, this 2022-built property offers flexible spaces ranging from 2,000 to 100,000 contiguous square feet, currently entirely vacant. The building is part of a larger mixed-use development, transforming a former landmark shopping center into a vibrant urban center. The project includes residential units, landscaped areas, and parking facilities, creating a dynamic and desirable location for medical practices. The property's prime location at 21500 Northwestern Highway, Southfield, MI 48075, in Oakland County, ensures high visibility and accessibility. This redevelopment project respects the historical significance of the original 1954 Northland Center while creating a modern, state-of-the-art environment. The inclusion of a planned regional attraction further enhances the property's appeal and potential for success. This is a unique chance to establish a medical practice in a thriving, newly developed community. The entire 100,000 square feet is available for lease.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1998
    Total area 125,071 SF
    Lot 9.1 ac (396,396 SF)
    Zoning code RS
    APN 76-24-36-476-040
    UPID US43-2347983
    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
    Current use
    Occupant on record · Public records
    • National Wholesale Liquidator Liquidator
    • Northland City Center Apartment Complex
    • Dr. Edward Stein Physician
    • Antonio S Abate Dental Office
    • Northland Center Park Parking Lot & Garage
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $13.77M
    Owner & transaction history
    Costco Wholesale Corporation · 3 yrs held
    Costco Wholesale Corporation
    since 2023
    2 recorded transactions
    2023
    2016
    Zoning & alternative use
    RS · Southfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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