24061 10th Mile Rd Southfield, MI 48033-3005
- Retail space
- 5,767 SF
- 0.23 lot acres
Current Use by Public Records
- Utica Bankruptcy Solutions / Consultant
Property Details for 24061 10th Mile Rd
- Year built
- 1968
- Lot size
- 0.23 lot acres
- Property size
- 5,767 SF
- Zone code
- I-1
- Property type
- Retail space
- APN
- 76-24-29-227-003
- APU
- 762429227003
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $440,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $400,000
- 6.5%
- $395,000
- 7%
- $365,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $385,000
- Geo Method
- $355,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $315,000
- Retail
- $360,000
- Mixed-Use
- $385,000
- Hospitality
- $315,000
- Educational
- $430,000
- Residential Income
- $365,000
- Energy
- $365,000
- Income-Based Land
- $385,000
- Food Service
- $390,000
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2801
- Latitude
- 42.4716
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
