Historical Retail Sale Listing - BEECH PLAZA

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BEECH PLAZA

25560-25700 West Eight Mile Road, Southfield, MI 48034

N/A

153,484 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
153,484 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Additional Sub-types:
Community Center
Neighborhood Center
Super Regional Center
Property Use Type:
Vacant/Owner-User
No. Stories:
1
Year Built:
1972
Lot Size:
13 AC
Listing ID
13937473
Last Updated
over 1 year ago

Highlights

  • Only "Big Box" of this size available in the area
  • Strong Redevelopment Opportunity
  • Tenant interest in site has been good
  • Big Box could be reconfigured for alternative uses
  • Unique opportunity for a large anchor tenant
  • Population is 290,390 (5 Mile Radious)

Description

The 25560-25700 West Eight Mile Road retail center is located in Southfield, Michigan. It is on the Northeast corner of Beech Road and West Eight Mile Road, just west of Telegraph on the north side. Currently 10% occupied. The property is Fee Simple. This persents an outstanding turnaround opportunity. Upside exists by retenanting project and/or reconfiguring the former KMART "Big Box". Sale will be on an "As-Is," "Where -Is" basis with no representations or warranties being provided by seller and broker. Public utilities provided to the site include natural gas, electricity telephone service and municipal sewer and water. A majority of the site is asphalt paved. The site perimeter along the various roads is landscaped. Concrete sidewalks service the front elevation of the building. A masonary-screening wall is constructed along the rear portion of the site and runs parallel to Shiawassee Road. The property is not located in a flood hazard area.

Southfield is located near many highways including: I-696 (Ruether Freeway), M-39 (Southfield Freeway), M-102 (Eight Mile Road), US-10 (Lodge Freeway) and US-24 (Telegraph Road). This allows easy access to downtown Detroit and the major airports in the area with only a 20-30 minute drive. The 8 Mile/ Beech retail center is located near Northland Center, which is the first regional enclosed shopping mall in the nation. Built in 1954, it is one of the largest in metropolitan Detroit, with 2.2 million square feet of space (anchored by Marshall Field's (formerly Hudson's) and Target. Additionally, there are 17 shopping centers located in Southfield with more than 50,000 square feet of space. Most recently, the Tel-Twelve Retail Center has undergone major renovations and expanded its square footage to include such major tenants as: Media Play, Circuit City, DSW, Lowe's and Meijer's. Southfield continues to be a City where investors desire to commit funds back into the real estate community. Southfield offers a diverse range of activities and services for its residential and business populations. Southfiels is home to Oakland County's largest office complex.

Map of 25560-25700 West Eight Mile Road, Southfield, MI 48034 (Oakland County)

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Created 6/4/2004