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27051 Southfield Rd 1,600 SF Retail Building Lathrup Village, MI 48076 $420,000 ($262.50/SF)
Investment Highlights
- Dual retail units in one freestanding building suited for multiple business pursuits.
- High-visibility location on Southfield Road with strong daily traffic and proximity to I-696.
- Full unfinished basement with 7-foot ceiling clearance and two built-out offices for flexible use or storage.
- Short drive to Detroit’s employment centers and established residential communities in Oakland County.
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 immediate access to major thoroughfares, including I-696. The configuration includes two adjoining units, previously utilized for service-based businesses, providing flexibility for owner-users or investors seeking multiple occupancy options.
A standout feature is the full unfinished basement with a 7-foot ceiling, which accommodates operational support, storage needs, or creative reconfiguration. The basement includes two finished offices, making it suitable for back-office or administrative functions while freeing the main level for customer-facing activities. Ample on-site parking and easy regional connectivity further enhance usability for a variety of retail, service, or office concepts. This property represents an adaptable opportunity in a well-traveled suburban setting minutes from central Detroit and neighboring employment hubs.
A standout feature is the full unfinished basement with a 7-foot ceiling, which accommodates operational support, storage needs, or creative reconfiguration. The basement includes two finished offices, making it suitable for back-office or administrative functions while freeing the main level for customer-facing activities. Ample on-site parking and easy regional connectivity further enhance usability for a variety of retail, service, or office concepts. This property represents an adaptable opportunity in a well-traveled suburban setting minutes from central Detroit and neighboring employment hubs.
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
$420,000
Price Per SF
$262.50
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
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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Contact the Sale Advisor
27051 Southfield Rd