Log In/Sign Up
Your email has been sent.
La Mirage Shopping Center 29555 Northwestern Hwy 38,490 SF 100% Leased Retail Building Southfield, MI 48034 $5,950,000 ($154.59/SF) 9.32% Cap Rate
Investment Highlights
- Fully leased retail strip center with 13 tenants
- Located on high-traffic Northwestern Hwy (45,000+ VPD)
- Zoned B-3 with versatile retail usage potential
- Anchored by Guitar Center with long-term lease
- Surrounded by affluent demographics and dense population
Executive Summary
Introducing an exceptional investment opportunity at 29555 Northwestern Hwy. This impressive 39,390 SF building, boasting 13 individual units, and is an ideal addition to any investment portfolio. Zoned B-3, the property offers versatile usage options in the thriving Southfield area. With prime visibility and ample parking, this property is perfectly positioned for attracting retail and strip center tenants. With stable cash flow in-place and upside through the mark to market of existing rents, this is a great opportunity for an investor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
38,490 SF
Building Class
C
Year Built/Renovated
1979/2010
Price
$5,950,000
Price Per SF
$154.59
Cap Rate
9.32%
NOI
$554,400
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.29
Lot Size
3.00 AC
Opportunity Zone
Yes
Zoning
B-3 - Commercial Zoned District
Parking
180 Spaces (4.68 Spaces per 1,000 SF Leased)
Frontage
334’ on Northwestern Hwy
Amenities
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Everything from clothes, leashes, toys, beds, carriers, treats, food books, collars, and of course puppies. These are one of a kind items for your one of a kind doggy that you won’t find at your everyday pet store. We have plenty of references to tell you a little about how our little guys and girls are prepared before they are sent off in their new home with you.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-07-351-098 | Improvements Assessment | $1,320,900 |
| Land Assessment | $326,960 | Total Assessment | $1,647,860 |
Property Taxes
Parcel Number
24-07-351-098
Land Assessment
$326,960
Improvements Assessment
$1,320,900
Total Assessment
$1,647,860
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
La Mirage Shopping Center | 29555 Northwestern Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.