Shopping Centers in Southfield, Michigan, offer a unique investment opportunity for those looking to tap into the city's strong commercial and business sector. With a population of approximately 80,000, Southfield is an attractive location for businesses and investors alike. Shopping Centers in Southfield can represent a variety of investment types, including retail, office, and mixed-use developments. These properties often feature amenities such as on-site parking, easy access to public transportation, and proximity to major highways. Southfield's infrastructure, including the Southfield City Centre and the area around the former Northland Center shopping mall, provides a solid foundation for businesses to thrive. Additionally, the city's location near Lawrence Technological University and its reputation for mid-century modern style architecture make it an attractive location for businesses and investors. The city's business-friendly environment and access to major transportation hubs, such as the John C. Lodge Freeway and I-696, make it an ideal location for companies looking to establish a presence in the metropolitan Detroit area.
Southfield's Shopping Centers offer a range of investment opportunities, from small retail strip centers to large, mixed-use developments. With 3 Shopping Centers currently available for sale, investors have a variety of options to choose from. The average price per square foot for Shopping Centers in Southfield is $202 USD, with an average size of 13,775 square feet. The largest Shopping Center available for sale in Southfield is 16,515 square feet. In addition to Shopping Centers, Southfield also offers a range of other property types, including Restaurants, Specialty Properties, Land, and Office Properties. For example, Restaurants in Southfield offer a unique opportunity to tap into the city's growing food scene, while Specialty Properties, such as medical offices and educational facilities, provide a chance to invest in the city's thriving healthcare and education sectors. Land in Southfield is also available for development, offering investors the opportunity to build new projects from the ground up. Office Properties in Southfield, including those in the Southfield City Centre, provide a range of options for businesses looking to establish a presence in the city. With its strong business sector and range of investment opportunities, Southfield is an attractive location for investors looking to tap into the metropolitan Detroit area.
What is the average cap rate for shopping centers in Southfield?
For investors seeking to capitalize on Southfield's strong commercial and business sectors, the average cap rate for shopping centers in this Oakland County city is 6.6%, making it an attractive opportunity to diversify your portfolio.
