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29145 Telegraph Rd
Southfield, MI 48034
Retail Property For Sale
Investment Highlights
- Located along the high-traffic Telegraph Road commercial corridor.
- Large open floor plan supports multiple commercial uses.
- Close proximity to M-10 and Interstate 696.
- Approximately 1.12-acre site with redevelopment potential.
- Prominent building and signage visibility from Telegraph Road.
- Surrounded by established national retailers and commercial activity.
Executive Summary
Prime Investment | Owner-User | Redevelopment Opportunity. Located along high traffic Telegraph Road corridor near 12 Mile Road in Southfield. This Gorman’s Furniture property presents a rare opportunity to acquire a large-scale commercial trophy asset with exceptional redevelopment potential for investors and developers. Positioned on approximately 1.12 acres, the site offers flexibility for repositioning, adaptive reuse, or future ground-up redevelopment. The existing structure features expansive open floor space, prominent signage visibility, generous onsite parking, and immediate functionality for showroom, retail, medical, educational, fitness, or other specialty commercial users. Surrounded by national retailers with close proximity to M-10 and I-696. Contact Brokers for additional information.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,337 SF
Building Class
B
Year Built/Renovated
1966/2006
Price
$4,700,000
Price Per SF
$201.40
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.48
Lot Size
1.12 AC
Opportunity Zone
Yes
Zoning
BI - Business
Parking
55 Spaces (1.29 Spaces per 1,000 SF Leased)
Frontage
200’ on Telegraph Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 24-08-451-005 | Improvements Assessment | $515,390 |
| Land Assessment | $231,210 | Total Assessment | $746,600 |
Property Taxes
Parcel Number
24-08-451-005
Land Assessment
$231,210
Improvements Assessment
$515,390
Total Assessment
$746,600
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