16400 8 Mile Road

16400 8 Mile Road, Southfield, MI 48075

Off-Market

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  • Property Type Retail - Freestanding
  • Property Size 126,842 SF
  • Lot Size 8.67 Acre
  • Property Tenancy Owner Occupied
  • Year Built 1996

Location

  • Walk Score ® Somewhat Walkable (55)
  • Bike Score ® Somewhat Bikeable (42)
Powered by Walk Score ®
  • City Southfield, MI
  • Neighborhood Southfield
  • Zip Code 48075
  • Market Detroit

Points of Interest

Transportation

CDM Transport LLC

2.29 miles

Royal Oak

4.30 miles

Troy

6.76 miles

Grand Boulevard

8.59 miles

Baltimore Street

8.72 miles

Detroit

8.75 miles

Amsterdam Street

8.89 miles

Ferry Street

9.24 miles

Warren Avenue

9.49 miles

Smith's Creek Depot Station

9.61 miles

Fuel station

Mobil

1.11 miles

Valero

3.18 miles

Valero

3.37 miles

Ferndale Public Library

3.93 miles

Shell

4.39 miles

Shell

6.43 miles

Sunoco

6.81 miles

Shell

7.18 miles

Livonia, MI Supercharger

7.73 miles

BP

8.52 miles

Parking

Parking Lot E

1.76 miles

Parking Lot C

3.07 miles

Student Parking

3.75 miles

Faculty / Staff Parking Lot A

4.11 miles

Valet

4.98 miles

Chess Row

5.20 miles

HAP Lot C

8.41 miles

Fisher Building Garage

8.46 miles

MDOT Lot

8.81 miles

Kirby Center Lofts Lot

9.46 miles

Restaurants

KFC

3.37 miles

Dairy Queen

6.11 miles

Sheesh Mediterranean Cuisine

6.41 miles

Taco Bell

6.86 miles

Faym-us Chicken

6.97 miles

Sy Thai Café

7.07 miles

Church's Chicken

7.18 miles

Del Taco

7.41 miles

Ginopolis' Bar-B-Q Smokehouse

7.74 miles

Miss Virginia's Ice Cream Parlor

8.16 miles

Stores

Liberty Food Center

2.83 miles

Redford Oaks

4.47 miles

Redford Oaks

4.55 miles

Value Save Food Center

4.95 miles

TJ Maxx

5.06 miles

The Shops at Woodward Place

5.95 miles

ALDI

6.94 miles

West River Shopping Center

6.98 miles

Randazzo Fresh Market

7.11 miles

Royal Plaza

7.13 miles

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 02 Jul, 2004
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Southfield

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

Asking Rents in Southfield Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $21.49
  • 2020 Office Vacancy Rate 19.28%
  • 2020 Office Completions (SF)
View more Southfield market trends

Tax

  • Market Value* $5,669,440
  • Assessed Value $5,669,440

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 16400 8 Mile Road?

16400 8 Mile Road totals 126,842 square feet.

When was this property built?

16400 8 Mile Road was built in 1996.

When was 16400 8 Mile Road last sold?

16400 8 Mile Road was last sold on 02 Jul, 2004.

What is the market value for 16400 8 Mile Road?

The market value* for 16400 8 Mile Road in 2022 was $5,669,440.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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