Property profile

28411 Northwestern Hwy Southfield, MI 48034

FOR LEASE
Office buildings
Property ID
US43-1040503
248,911 SF 4.55 ac lot Built 1989
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

One Northwestern Plaza, located at 28411 Northwestern Hwy in Southfield, Michigan, offers premier Class A executive office space for lease. This 237,615 square foot building, constructed in 1989 and extensively renovated in 2016, boasts a range of suite sizes to accommodate various business needs. Currently, there are 38,709 square feet of vacant space available, with minimum divisible units starting at 1,451 square feet and maximum contiguous space reaching 9,316 square feet. The building is zoned RC and features ample parking with 646 spaces available for tenants. Its prime location in Oakland County (APN 24-17-151-010), within the vibrant Southfield business district, provides easy access to major transportation routes and amenities. The building's modern design and high-quality finishes reflect its Class A designation, making it an ideal location for businesses seeking a prestigious and functional workspace. The property is perfect for businesses seeking flexible office solutions, ranging from smaller executive suites to larger contiguous spaces. Inquire today to learn more about available suites and lease terms.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Total area 248,911 SF
Lot 4.55 ac (198,198 SF)
Zoning code RC
APN 76-24-17-151-010
UPID US43-1040503

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
  • Financial Advisor
  • Hospital
  • Medical Clinic
  • Dental Office
  • Dental Office

Location

28411 Northwestern Hwy Southfield, MI 48034
Southfield metro Census 160400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$14.06M
Comparable Approach Comparable
$8.97M
Blend (final) Blend
$12.22M

Owner & transaction history

since 2013
5 recorded transactions
2018
Price N/A
2013
Price N/A
2005
Price N/A
2005
Price N/A
1969
Price N/A

Zoning & alternative use

RC · Southfield, MI
Zoning description

The Regional Center District is intended to provide for the combining of high riseoffice, high rise multiple-family, and hotels and motels in a planned development and to provide for the combining of secondary retail and…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Industrial (general) $20.2M +2.3%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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