16400 8 Mile Road

Off-Market

16400 8 Mile Road, Southfield, MI 48075

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

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

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%
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Asking Rents in Southfield Office Market

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

  • 2022 Avg. Asking Rent $20.39
  • 2022 Office Vacancy Rate 24.32%
  • 2022 Office Completions (SF)

Southfield Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $97.41
  • 2022 Office Sales Volume $38.6M
  • 2022 Number of Transactions 5
View more Southfield market trends

Location

Getting Around

  • Walk Score ®

    54/100 Somewhat Walkable
  • Bike Score ®

    42/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Southfield, MI
  • Neighborhood Southfield
  • Zip Code 48075
  • Market Detroit

Points of Interest

  • 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

  • BP

    0.31 miles

  • Marathon

    0.39 miles

  • BP

    0.47 miles

  • Exxon

    0.66 miles

  • Mobil

    0.68 miles

  • Citgo

    0.80 miles

  • Shell

    1.03 miles

  • BP

    1.05 miles

  • Exxon

    1.10 miles

  • Mobil

    1.11 miles

  • Parking Lot E

    1.76 miles

  • Parking Lot D

    1.80 miles

  • Parking Lot G

    1.83 miles

  • Parking Lot C

    1.84 miles

  • Vistor Parking Lot B

    1.89 miles

  • Vistor Parking Lot A

    1.91 miles

  • MRC parking lot

    2.68 miles

  • Parking Lot G

    2.85 miles

  • Town Center Parking

    2.86 miles

  • Parking Lot H

    2.87 miles

  • White Castle

    0.43 miles

  • Mighty Wing Shop

    0.49 miles

  • Burger King

    1.09 miles

  • Subway

    1.38 miles

  • Captain Jay's Fish & Chicken

    1.41 miles

  • Wendy's

    1.69 miles

  • Krispy Krunchy Chicken

    1.95 miles

  • Dunkin'

    2.04 miles

  • Sweetwater Express

    2.05 miles

  • Taco Bell

    2.06 miles

  • 8 Mile Foodland

    1.05 miles

  • Savon Foods

    1.25 miles

  • Glory Supermarket

    1.69 miles

  • Save-A-Lot

    2.10 miles

  • Kroger

    2.41 miles

  • Greenfield Market

    2.54 miles

  • Evergreen Supply Company

    2.60 miles

  • Kroger

    2.72 miles

  • Aldi

    2.72 miles

  • Aldi

    2.79 miles

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 2023 was $5,995,360.

*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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