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27051 Southfield Rd 1,600 SF Retail Building Lathrup Village, MI 48076 $380,000 ($237.50/SF)
Investment Highlights
- Large building-mounted sign provides a unique branding opportunity along Southfield Road.
- Basement includes enclosed office space for administrative functions.
- Approximately 1,600 SF of additional basement space expands operational flexibility.
- Convenient access to I-696 and the greater Detroit metropolitan area.
Executive Summary
Located along Southfield Road in Lathrup Village's active commercial corridor, this freestanding two-unit retail property offers a highly visible presence with approximately 43 feet of frontage and convenient access to I-696 and the surrounding Detroit metropolitan area. The property's flexible configuration allows for multiple occupancy strategies, making it suitable for owner-users seeking supplemental income potential or investors pursuing a multi-tenant retail asset.
A distinguishing feature of the property is its exceptional signage opportunity. A large building-mounted sign positioned prominently on the side of the structure provides visibility that is uncommon within the immediate trade area, enhancing brand exposure for occupants and helping businesses capitalize on the corridor's daily traffic. Combined with the property's frontage and accessible location, the signage component creates a strong identity opportunity for retail, service, office, or specialty users.
The building also benefits from approximately 1,600 square feet of additional basement space with 7.5-foot ceilings. This lower level expands operational flexibility and includes enclosed office space that can support administrative functions, staff work areas, inventory management, or business operations. The basement is particularly well suited for storage, employee breakroom use, back-office functions, or customized workspace needs, allowing the main floor to remain focused on customer-facing activities. Ample on-site parking further supports employees and visitors while enhancing overall functionality.
Positioned minutes from Detroit and surrounding employment centers, this adaptable asset combines visibility, operational flexibility, and unique branding opportunities within an established suburban commercial corridor.
A distinguishing feature of the property is its exceptional signage opportunity. A large building-mounted sign positioned prominently on the side of the structure provides visibility that is uncommon within the immediate trade area, enhancing brand exposure for occupants and helping businesses capitalize on the corridor's daily traffic. Combined with the property's frontage and accessible location, the signage component creates a strong identity opportunity for retail, service, office, or specialty users.
The building also benefits from approximately 1,600 square feet of additional basement space with 7.5-foot ceilings. This lower level expands operational flexibility and includes enclosed office space that can support administrative functions, staff work areas, inventory management, or business operations. The basement is particularly well suited for storage, employee breakroom use, back-office functions, or customized workspace needs, allowing the main floor to remain focused on customer-facing activities. Ample on-site parking further supports employees and visitors while enhancing overall functionality.
Positioned minutes from Detroit and surrounding employment centers, this adaptable asset combines visibility, operational flexibility, and unique branding opportunities within an established suburban commercial corridor.
Taxes & Operating Expenses (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$6,336
|
$3.96
|
| Operating Expenses |
$4,000
|
$2.50
|
| Total Expenses |
$10,336
|
$6.46
|
Taxes & Operating Expenses (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $6,336 |
| Annual Per SF | $3.96 |
| Operating Expenses | |
|---|---|
| Annual | $4,000 |
| Annual Per SF | $2.50 |
| Total Expenses | |
|---|---|
| Annual | $10,336 |
| Annual Per SF | $6.46 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
1,600 SF
Building Class
C
Year Built
1969
Price
$380,000
Price Per SF
$237.50
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.10 AC
Zoning
B-1 - Business
Parking
10 Spaces (6.3 Spaces per 1,000 SF Leased)
Frontage
39’ on Southfield Rd
Amenities
- 24 Hour Access
- Signage
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-14-484-007 | Total Assessment | $92,340 |
| Land Assessment | $0 | Annual Taxes | $6,336 ($3.96/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
24-14-484-007
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$92,340
Annual Taxes
$6,336 ($3.96/SF)
Tax Year
2025 Payable 2025
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27051 Southfield Rd