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15801-15861 Southfield Rd
Allen Park, MI 48101
Allen Park Plaza · Retail Property For Sale
Investment Highlights
- 100% Occupied by National and Regional Tenants
- High Visibility
- Flexible Suite Sizes
- Well-Maintained Retail Center
- Recent Capital Improvements
Executive Summary
Allen Park Plaza, located at 15801-15861 Southfield Road, Allen Park, MI, is a strategically positioned retail property offering 26,335 SF of gross leasable area. Built in 1962, the asset is fully occupied, providing a stable tenant base and predictable income. Tenants include Great Lakes ACE, SVS Vision Inc., and Subway, reflecting a diverse mix of retail operations that serve the local community.
The property presents a compelling investment opportunity, benefiting from its high occupancy and established tenant roster. Its location along a well-trafficked corridor, combined with potential for rental growth and leasing optimization, enhances its long-term appeal for investors seeking a stable retail asset.
The property presents a compelling investment opportunity, benefiting from its high occupancy and established tenant roster. Its location along a well-trafficked corridor, combined with potential for rental growth and leasing optimization, enhances its long-term appeal for investors seeking a stable retail asset.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
26,335 SF
Building Class
C
Year Built/Renovated
1962/2009
Price
$3,500,000
Price Per SF
$132.90
Cap Rate
8.20%
NOI
$287,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
3.39 AC
Zoning
C-5
Parking
300 Spaces (11.39 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 30-012-01-0007-303 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $145,700 |
Property Taxes
Parcel Number
30-012-01-0007-303
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$145,700
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