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    FOR LEASE
    Strip malls

    24758 Southfield Rd, Southfield, MI 48075

    4,515 SF 0.16 ac lot Built 1962
    Entity Owned ~ Est. High Equity
    Property ID
    US43-1503199
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 24758 Southfield Road in Southfield, Michigan, offers a compelling investment opportunity. The property encompasses a substantial 4,515 square feet of space situated on a 0.17-acre lot. Its strategic location in the heart of Southfield provides easy access to major freeways, ensuring convenient transportation and logistics. Currently configured as a private gym, the property's versatile layout presents significant potential for a wide range of businesses. A key advantage is the inclusion of an additional parcel at 24572 Southfield Road, significantly expanding the usable area and offering added flexibility for development or expansion. Ample parking is available on-site, catering to both employees and clients. The asking price for this exceptional property is $449,000. This presents a rare chance to acquire a well-situated industrial property in a thriving Southfield location, offering immediate occupancy and significant upside potential. The combination of size, location, and the inclusion of a second parcel makes this an attractive proposition for discerning investors and business owners seeking a strategic foothold in a high-demand area.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1962
    Total area 4,515 SF
    Lot 0.16 ac (7,187 SF)
    Zoning code B-3
    APN 76-24-25-102-002
    UPID US43-1503199
    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
    • United HealthCare Food Market Farmer's Market
    • My Good Life Fitness Gym & Fitness Center
    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
    K Bhagwan Prop 24758 Southfield LLC
    K Bhagwan Prop 24758 Southfield LLC
    since 2025
    5 recorded transactions
    2025
    $420,000
    2025
    $295,360
    2016
    1969
    1969
    Zoning & alternative use
    B-3 · Southfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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