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Property profile

29229 Northwestern Hwy Southfield, MI 48034

FOR SALE
Office buildings
Property ID
US43-0061540
7,632 SF 1.01 ac lot Built 1962
Last sale Aug 2023 · $535,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

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,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$23k
Tax billed · 2022
Assessed value$416k
Assessed land$109k
Assessed improvement$307k
Effective rate5.47%

Value estimate

· Oct 2026
$510k
$459k – $561k
AI approach$545k
CAP approach$430k
Submarket $/SF estimate$320k
NOI build-up
Gross scheduled income$62k
Vacancy & credit loss−$15k
Operating expenses−$12k
NOI · 3.77% cap applied$36k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$79/SF
Submarket average, outlier-cleaned · 64 recorded sales of this use type
Observed band · Q1–Q3$44 – $114
Qualifying comparables8

Cap rate analysis

How does the asset earn?
3.77%
$36k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
P
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop22.7
Building Supply22.1
Wholesale Shop18.1

Location

29229 Northwestern Hwy Southfield, MI 48034
County assessor Recorded deeds · 3 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
27400 Northwestern, Southfield, MI 48034-4724 $2,200,000 Nov 2022 125,000 SF
29792 Telegraph, Southfield, MI 48034-7670 $717,500 May 2021 8,912 SF
29000 Inkster Rd, Southfield, MI 48034-1097 $2,095,000 Feb 2021 No data
28819 Franklin, Southfield, MI 48034-5520 $3,200,000 Apr 2019 32,416 SF
28444 Franklin, Southfield, MI 48034-5504 $560,000 Feb 2019 7,200 SF
28382 Franklin, Southfield, MI 48034-5503 $600,000 Dec 2018 7,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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