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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.

Property Facts

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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  • Listing ID: 35096936

  • Date on Market: 3/11/2025

  • Last Updated:

  • Address: Southfield DDA Development Site, Southfield, MI

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