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Property profile & analytics
FOR SALE
Retail space

24061 W 10 Mile Rd Southfield, MI 48033

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
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
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
Price N/A
Zoning & alternative use
I-1 · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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