Lathrup Village Building - Commercial Real Estate Services | Friedman Real Estate | Commercial Real Estate Services | Friedman Real Estate

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For Sale

Lathrup Village Building

27300-27350 Southfield Road
Lathrup Village, Michigan 48076
For Sale

Lathrup Village Building

27300-27350 Southfield Road
Lathrup Village, Michigan 48076

- Property Information

eCODE 564
County: Oakland
Property Type: Retail
Total Building SF: ± 11,800 SF
Occupancy Rate: 100%
Sale Price: $975,000
Sale Price Per SF: $82.63

- Property Details

# Acres: .62
Zoning: B1
Parking Type: Surface
# Spaces: 60
Parking Ratio: 5.17/1,000 SF

- Additional Information

  • ±11,800 SF 100% occupied retail center for sale
  • Motivated seller!
  • Multi-year tenant history with below market month-to-month rents
  • Located on Southfield Road, a major North/South artery with 40,000 VPD
  • $65,000 median household income within 3-mile radius
  • Substantial frontage on Southfield Road, providing opportunity for future re-development
  • Ample parking located in front and rear of building
  • Property taxes: $9,996
  • NOI: $102,000 (2016 actuals)
  • Asking price: $975,000

- For more information, contact:

David Cohen

Steven Silverman

248.324.2000 Request a call