Property summary
This exceptional investment opportunity presents a 4,875 square foot industrial flex property situated on a 0.73-acre lot at 24050-24070 W 9 Mile, Southfield, MI. Currently 100% occupied by long-term tenants, this property offers a stable and predictable income stream. Recent improvements include a brand new roof and HVAC system, ensuring efficient and cost-effective operation. The parking lot has recently been restriped, providing ample parking for tenants and visitors. Low property taxes further enhance the profitability of this investment. Each unit features separate storage space in its subdivided basement, adding significant value and utility. The property boasts a prime location with convenient access to major roads and freeways, ensuring excellent accessibility for tenants and customers. This is a turnkey investment opportunity ideal for those seeking a stable, high-return property with minimal immediate capital expenditure requirements. The property's strong tenant base and recent upgrades make it a compelling investment prospect in the thriving Southfield market. The combination of low taxes, excellent location, and recent capital improvements positions this property for continued strong performance.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of this zone is to promote industrial uses
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
I-1 · Southfield, MIThe intent of this zone is to promote industrial uses
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The intent of this zone is to promote industrial uses
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-1 in Southfield, MI.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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