29229 Northwestern Hwy Southfield, MI 48034
For Sale
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This exceptional 1.01-acre commercial property in Southfield, MI, presents a lucrative investment opportunity. Boasting 7,632 square feet of space across three buildings, this B-3 zoned property offers diverse usage potential, including retail, medical offices, banks, restaurants, and even a medical marijuana provision center (subject to special approval). The property enjoys high visibility and convenient access from Northwestern Highway, near 12 Mile Road. One building is currently leased, generating a consistent monthly income of $2,700. Building A, a two-story structure, features a reception area, administrative space, multiple offices, a conference room, storage, and a finished basement. Building B is also two stories, with offices and storage. Building C, a single-story building, is currently occupied by a tenant. Ample parking is available for customers. Located in a thriving business district, home to numerous Fortune 500 companies, this property offers significant upside potential for investors seeking a strong return in a prime Southfield location. The property's versatile zoning and existing income stream make it an attractive proposition for both immediate returns and long-term growth. Southfield's robust business environment and supportive community further enhance the investment appeal.
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George W Smith & Co PC Accounting Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
P · Southfield, MISouthfield. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.