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Investment Highlights
- Fully-entitled Office to Multi-Family Conversion in Southfield's Urban Core
- Build Potential includes 157 apartment units, 7,247 SF of retail space, and a 308-unit self-storage component
- Located across from Henry Ford Providence Southfield Hospital and near Northland City Center
- Two buildings totaling 151,563 SF on a 5.8-acre site
- $26.8 million in potential TIF incentives
- Quick access to The Lodge Freeway (M-10) and I-696
Executive Summary
This fully-entitled redevelopment opportunity offers the rare ability to transform two strategically located office buildings into a dynamic mixed-use residential community in the heart of Southfield.
16000 W. 10 Mile Road and 23100 Providence Drive present a rare opportunity to acquire two office buildings totaling 151,563 square feet on 5.8 acres in the heart of Southfield’s rapidly evolving redevelopment corridor. Offered together for $7,500,000, the properties are fully entitled and shovel-ready for conversion into a mixed-use residential development featuring 157 apartment units, approximately 7,247 square feet of retail space, and a 308-unit self-storage component.
Located within the City of Southfield’s Downtown Development Authority District, the site sits directly across from Henry Ford Providence Southfield Hospital and near the transformative $400M Northland City Center redevelopment. The surrounding area has seen more than 1,500 new residential units recently completed or under construction, reinforcing strong demand for housing and mixed-use development.
The project may benefit from approximately $26.8 million in potential TIF incentives, along with additional state and local redevelopment programs that can significantly enhance project feasibility and long-term returns. Immediate access to M-10 and I-696, combined with proximity to major employers, healthcare, education, retail, and dining amenities, positions this offering as a premier adaptive reuse and redevelopment opportunity within Metro Detroit.
16000 W. 10 Mile Road and 23100 Providence Drive present a rare opportunity to acquire two office buildings totaling 151,563 square feet on 5.8 acres in the heart of Southfield’s rapidly evolving redevelopment corridor. Offered together for $7,500,000, the properties are fully entitled and shovel-ready for conversion into a mixed-use residential development featuring 157 apartment units, approximately 7,247 square feet of retail space, and a 308-unit self-storage component.
Located within the City of Southfield’s Downtown Development Authority District, the site sits directly across from Henry Ford Providence Southfield Hospital and near the transformative $400M Northland City Center redevelopment. The surrounding area has seen more than 1,500 new residential units recently completed or under construction, reinforcing strong demand for housing and mixed-use development.
The project may benefit from approximately $26.8 million in potential TIF incentives, along with additional state and local redevelopment programs that can significantly enhance project feasibility and long-term returns. Immediate access to M-10 and I-696, combined with proximity to major employers, healthcare, education, retail, and dining amenities, positions this offering as a premier adaptive reuse and redevelopment opportunity within Metro Detroit.
Property Facts
| Price | $7,500,000 | Number of Properties | 2 |
| Price / SF | $52.31 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 143,378 SF |
| Status | Active | Total Land Area | 9.75 AC |
| Price | $7,500,000 |
| Price / SF | $52.31 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 143,378 SF |
| Total Land Area | 9.75 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 23100 Providence Dr, Southfield, MI 48075 | Office | 89,748 SF | 1969 | - |
|
Metropolitan Professional Center
16000 W 9 Mile Rd, Southfield, MI 48075 |
Office | 53,630 SF | 1967 | - |
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