Three Towne Square

Off-Market

NEC Northwestern Hwy & Corporate Drive, Southfield, MI 48076

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

  • Property Type Office - General Office
  • Property Size 350,000 SF
  • Lot Size 8.56 Acre
  • Parking Spaces Avail. 749
  • Parking Ratio 2.14 / 1,000 SF

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • 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.

  • 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 ®

    35/100 Car-Dependent
  • Bike Score ®

    41/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Southfield, MI
  • Neighborhood Southfield
  • Zip Code 48076
  • Market Detroit

Points of Interest

  • Troy

    5.27 miles

  • Royal Oak

    5.51 miles

  • CDM Transport LLC

    5.79 miles

  • Marathon

    0.29 miles

  • Shell

    0.43 miles

  • Mobil

    0.46 miles

  • BP

    0.79 miles

  • Mobil

    1.02 miles

  • Speedway

    1.16 miles

  • Stop & Go

    1.46 miles

  • Shell

    1.48 miles

  • Marathon

    1.53 miles

  • Sunoco

    1.57 miles

  • Parking Lot J

    0.34 miles

  • Parking Lot F

    0.39 miles

  • MDOT Park & Ride

    0.42 miles

  • bus parking

    0.43 miles

  • Parking Lot C

    0.49 miles

  • Parking Lot D

    0.58 miles

  • Town Center Parking

    0.62 miles

  • Parking Lot E

    0.66 miles

  • Parking Lot A

    0.70 miles

  • Parking Lot G

    0.74 miles

  • The Westin Southfield Detroit

    0.72 miles

  • Courtyard Detroit Southfield

    1.04 miles

  • Detroit Marriott Southfield

    1.11 miles

  • Marvins Garden Inn

    1.81 miles

  • Red Roof Inn

    1.89 miles

  • Ramada by Wyndham Southfield

    2.39 miles

  • Cranbrook Inn

    3.87 miles

  • Riviera Motel Detroit

    4.68 miles

  • The Townsend Hotel

    4.74 miles

  • Grand Tulane Motel

    4.86 miles

  • Hellenic Restaurant

    0.84 miles

  • Subway

    0.88 miles

  • McDonald's

    1.56 miles

  • Billy Sims BBQ

    1.58 miles

  • Nikola's Barbeque

    1.59 miles

  • Shield's Restaurant Bar Pizzeria

    1.59 miles

  • Meriwhether's

    1.59 miles

  • KFC

    1.63 miles

  • Pho Chopstix

    1.68 miles

  • Happy's Pizza

    1.75 miles

  • University of Phoenix

    0.60 miles

  • Lawrence Technological University

    0.71 miles

  • Birney High School

    0.76 miles

  • Woodmont Academy

    0.80 miles

  • Stevenson School

    0.82 miles

  • Saint Michael School

    0.89 miles

  • Laurus Academy

    1.03 miles

  • Southfield High School

    1.09 miles

  • Southfield Christian School

    1.14 miles

  • McIntyre Elementary School

    1.20 miles

  • Harmony Montessori Center

    3.66 miles

  • Stepping Out On Faith Learning Center & Childcare

    3.67 miles

  • Creative Learning Children's College

    4.05 miles

  • KinderCare

    4.30 miles

  • Green Garden Child Development Center

    4.43 miles

  • Old Redford Pre-Kindergarten Academy

    4.62 miles

  • Academy of Detroit-West

    5.18 miles

  • Country Hills Montessori

    5.21 miles

  • Tutor Time

    5.22 miles

  • The Learning Experience

    5.31 miles

Frequently Asked Questions

What is the total square footage of Three Towne Square?

Three Towne Square totals 350,000 square feet.

What is the market value for Three Towne Square?

The market value* for Three Towne Square in 2023 was $1,609,480.
*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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