24805 W 12 Mile Rd | Southfield, MI 48034
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24805 W 12 Mile Rd
Southfield, MI 48034
Retail Property For Sale
Investment Highlights
- Single-Tenant Bank on Triple-Net Ground Lease | New 10-Year Lease | 9.5 Years Remaining | Rent Increase in 2029 & in Options
- Strong Performing Branch (2023 Deposits: $163.9M) | 4 Drive-Thru Lanes | 1 Dedicated ATM Lane | Top 30% Placer.ai Ranking for All MI Locations
- Southfield is Home to Over 10,000 Businesses Including More Than 100 “Fortune 500” Companies
- Corporate Guarantee by The Huntington National Bank (S&P: A- / Moody’s: A3) | Largest Bank in Michigan & Ohio
- Prime Location Near Southfield’s Office Hub: 31.5M SF of Office Space within a 5-Mile Radius | Daytime Population: 262,984
- Large Retailers Nearby: Meijer, Lowe’s, Best Buy, Michaels, PetSmart, & Others
Property Facts
Property Type
Retail
Property Subtype
Building Size
5,749 SF
Building Class
C
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.75 AC
Zoning
OS
Parking
20 Spaces (3.48 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Banking
- Bus Line
- Corner Lot
- Pylon Sign
- Security System
- Signage
- Drive Thru
- Accent Lighting
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 24-17-201-063 | Improvements Assessment | $4,583,180 |
| Land Assessment | $708,040 | Total Assessment | $5,291,220 |
Property Taxes
Parcel Number
24-17-201-063
Land Assessment
$708,040
Improvements Assessment
$4,583,180
Total Assessment
$5,291,220
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