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    Property profile & analytics
    OFF-MARKET
    Retail space

    24061 10th Mile Rd, Southfield, MI 48033-3005

    5,767 SF 0.23 ac lot Built 1968
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-0229329
    Property summary
    AI-generated overview

    This exceptional Southfield, MI property, located at 24061 W. 10 Mile Road, offers 1,915 square feet of combined retail and office space for lease. The single-story building, constructed in 1968, boasts a total of 5,767 square feet and is situated on a highly visible location on W. 10 Mile Road, just east of Telegraph Road. The property features a newly renovated façade, enhancing its curb appeal and attracting potential customers. With its I-1 Industrial zoning, this space presents a versatile opportunity for a variety of businesses. The building includes five parking spaces for tenant and customer convenience. The property benefits from its strategic location, surrounded by a significant number of residential units, ensuring a substantial customer base. This is a rare opportunity to lease space in a well-maintained building with excellent visibility in a thriving Southfield commercial area. The property is under new ownership, signifying a commitment to maintaining and improving the property for tenants. The remaining 1,915 square feet is ready for immediate occupancy. Contact us today to schedule a viewing.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1968
    Total area 5,767 SF
    Lot 0.23 ac (10,019 SF)
    Zoning code I-1
    APN 76-24-29-227-003
    UPID US43-0229329
    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
    • Utica Bankruptcy Solutions Consultant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    24061 W 10 Mile Rd LLC · 4 yrs held
    24061 W 10 Mile Rd LLC
    since 2022
    Last sale
    $322,000
    3 recorded transactions
    2022
    $322,000
    2000
    $300,000
    1969
    Zoning & alternative use
    I-1 · Southfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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