24050 Northwestern Hwy

24050 Northwestern Hwy, Southfield, MI 48075

Off-Market

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  • Property Type Industrial - R&D - Industrial
  • Property Size 57,234 SF
  • Lot Size 5.94 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 2001

Location

  • Walk Score ® Car-Dependent (21)
  • Bike Score ® Somewhat Bikeable (30)
Powered by Walk Score ®
  • City Southfield, MI
  • Neighborhood Southfield
  • Zip Code 48075
  • Market Detroit

Points of Interest

CDM Transport LLC

4.22 miles

Royal Oak

4.57 miles

Troy

5.62 miles

Speedway

0.47 miles

Mobil

0.59 miles

Clark

0.67 miles

Mobil

0.70 miles

Sunoco

0.71 miles

BP

0.75 miles

BP

1.49 miles

Sunoco

1.55 miles

Shell

1.59 miles

Marathon

1.64 miles

Town Center Parking

0.91 miles

Parking Lot G

0.96 miles

Parking Lot E

0.96 miles

Town Center Parking

1.01 miles

underground parking entrance

1.01 miles

Parking Lot H

1.02 miles

Parking Lot A

1.03 miles

Parking Lot D

1.04 miles

Parking Lot C

1.15 miles

Parking Lot F

1.26 miles

Subway

0.73 miles

Happy's Pizza

1.45 miles

Hellenic Restaurant

1.53 miles

Hellenic Restaurant

1.54 miles

Krispy Krunchy Chicken

1.58 miles

Wendy's

1.64 miles

Dunkin'

1.66 miles

Panera Bread

1.82 miles

Popeyes

1.89 miles

Subway

2.17 miles

8 Mile Foodland

1.57 miles

Save-A-Lot

1.86 miles

Kroger

2.01 miles

Aldi

2.04 miles

Evergreen Supply Company

2.09 miles

Save-A-Lot

2.16 miles

Kroger

2.35 miles

Gordon Food Service

2.49 miles

Gordon Food Service

2.49 miles

Glory Supermarket

2.71 miles

CVS Pharmacy

0.68 miles

Southfield Police Department

0.98 miles

Straith Hospital for Special Surgery

1.53 miles

Ascension Providence Hospital, Southfield Campus

1.57 miles

Oakland Regional Hospital

1.60 miles

Walgreens

1.60 miles

Rite Aid

1.65 miles

CVS Pharmacy

1.97 miles

Michigan State Police Department

2.17 miles

CVS Pharmacy

2.19 miles

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 19 Dec, 2018
  • Purchase Price
  • Arm's Length True
  • Buyer Name

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.

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

Tax

  • Market Value* $5,361,800
  • Assessed Value $5,361,800

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 24050 Northwestern Hwy?

24050 Northwestern Hwy totals 57,234 square feet.

When was this property built?

24050 Northwestern Hwy was built in 2001.

When was 24050 Northwestern Hwy last sold?

24050 Northwestern Hwy was last sold on 19 Dec, 2018.

What is the market value for 24050 Northwestern Hwy?

The market value* for 24050 Northwestern Hwy in 2021 was $5,361,800.
*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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