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24370 Northwestern Hwy Southfield, MI 48075

Office buildings Google Maps
16,616 SF 1.1 ac lot Built 1968
Entity Owned 6-yr Hold ~ Est. High Equity
Estimated value (blended)
$480k
Range $432k – $528k (±10%)
Property ID US43-1742005

Property summary

AI-generated overview

This exceptional Southfield, Michigan office property, located at 24370 Northwestern Highway, offers 24,000 square feet of prime office space available for lease. Built in 1968 and extensively renovated in 2013, the building provides a blend of classic charm and modern functionality. The property is zoned OS and features a convenient multiple tenancy structure, with a minimum divisible space of 8,000 square feet and a maximum contiguous space of 8,000 square feet. Currently, the entire 24,000 square feet is vacant, presenting a unique opportunity for a single tenant or multiple occupants. Ample parking is available with 100 spaces on-site. The property's Oakland County location, with an APN of 24-26-177-016, offers easy access to major transportation routes and amenities. This versatile space is ideal for businesses seeking executive office suites or coworking arrangements, providing a professional and efficient environment for their operations. The property's modern design and convenient location make it an attractive option for a variety of businesses. The zip code is 48075.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1968
Total area 16,616 SF
Lot 1.1 ac (48,003 SF)
Zoning code R-E
APN 76-24-26-177-016
UPID US43-1742005

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Loan Service Bank
  • Event Planning Wedding Service
  • Law Firm
  • Loan Service Bank

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
$940k
Comparable Approach Comparable
$991k
Blend (final) Blend
$480k

Owner & transaction history

since 2019
4 recorded transactions
2025
Price N/A
2019
Price N/A
2012
$450,000
1969
Price N/A

Zoning & alternative use

R-E · Southfield, MI
Zoning description

The intended of this district to provide areas in the city for single-family dwellings as permitted uses and residentially related uses

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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