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27051 Southfield Rd 1,600 SF Retail Building Lathrup Village, MI 48076 $480,000 ($300/SF)
Investment Highlights
- High-visibility location along Southfield Road with 43 feet of frontage.
- Full basement providing additional storage or operational space.
- Located in a well-established commercial corridor serving Lathrup Village and surrounding communities.
- Two-unit configuration offering flexibility for multiple business types.
- Easy access to I-696 and major local roadways for regional connectivity.
Executive Summary
This freestanding retail property offers a versatile opportunity in a high-traffic corridor of Lathrup Village. Positioned along Southfield Road, the site benefits from strong visibility and convenient access to major thoroughfares, including I-696 and nearby 11 Mile Road. The building consists of two retail units, previously occupied by a massage studio and a law office, providing flexibility for a range of business uses.
The property includes a full basement, ideal for storage or operational support, and features 10 on-site parking spaces to accommodate customers and staff. With 43 feet of frontage on Southfield Road, the site ensures excellent exposure to daily traffic. Zoned B-1 for business use, this location is well-suited for owner-users or investors seeking a property in a stable suburban market with proximity to Detroit’s employment centers.
The property includes a full basement, ideal for storage or operational support, and features 10 on-site parking spaces to accommodate customers and staff. With 43 feet of frontage on Southfield Road, the site ensures excellent exposure to daily traffic. Zoned B-1 for business use, this location is well-suited for owner-users or investors seeking a property in a stable suburban market with proximity to Detroit’s employment centers.
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
$480,000
Price Per SF
$300
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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Presented by
Lan Lan Holdings, LLC
27051 Southfield Rd
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