Commercial Land in Southfield, Michigan, offers a unique investment opportunity for those looking to capitalize on the city's strong business and commercial sectors. With a population of approximately 80,000, Southfield is an attractive location for businesses and investors alike. Commercial Land in Southfield can represent a range of investments, from office spaces to retail centers, and even industrial facilities. The city's strategic location, amenities, infrastructure, and education system make it an ideal place to invest in Commercial Land. For instance, Southfield is home to Lawrence Technological University, which attracts a talented workforce and provides access to a skilled labor pool. The city's infrastructure, including the Southfield City Centre and the area around the former Northland Center shopping mall, offers a range of amenities and services that support businesses and residents. Additionally, Southfield's location near major transportation hubs, such as the John C. Lodge Freeway and I-696, makes it easily accessible to surrounding cities and regions. With attractions like the Carpenter Lake Nature Preserve and Civic Center Park, Southfield is a great place for business and travel.
Southfield, Michigan, is a city that offers a unique blend of business and commercial opportunities. With 9 Commercial Land listings available, investors have a range of options to choose from. The city's strong economy, driven by major corporations like Veoneer, Huf Hülsbeck and Fürst, and Denso, makes it an attractive location for businesses. In addition to Commercial Land, Southfield also offers other property types, such as office spaces, retail centers, and industrial facilities. The city's education system, which includes institutions like Lawrence Technological University and Oakland Community College, provides a skilled workforce and access to talent. With its strategic location, amenities, and infrastructure, Southfield is an ideal place to invest in Commercial Land. The average price per square foot for Commercial Land in Southfield is , with an average size of square feet, and a largest size of 0 square feet. The average cap rate for Commercial Land in Southfield is. Overall, Southfield offers a unique combination of business and commercial opportunities, making it an attractive location for investors and businesses alike.
What are common commercial uses for land in the Southfield market?
Commercial land for sale in Southfield, Michigan, is often utilized for office spaces, with the city boasting a substantial 27,000,000 square feet of office space, hosting over 100 Fortune 500 companies. Additionally, common commercial uses for land in the Southfield market include retail spaces, restaurants, and industrial facilities, taking advantage of the city's strategic location and accessibility to major transportation hubs.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Southfield, Michigan, there are several common ways to do so. For instance, investors can buy land directly from a seller, work with a real estate agent or broker, or explore online marketplaces like CityFeet.com, which currently features 9 available listings of commercial land, with an average price per square foot of and an average size of square feet.
Before making a purchase, it's essential to understand the process and considerations involved in buying land. Our article on how to buy land provides valuable insights and guidance for investors looking to navigate the process successfully. With careful planning and research, buying land in Southfield can be a lucrative investment opportunity, especially given the city's strong commercial and business sectors.
