5.8 Acre Southfield DDA Development Site
16000 W 9 Mile Rd & 23100 Providence Dr
Southfield, MI 48075
Highlights
- Located in Southfield DDA District
- Two buildings totaling 151,563 SF on a 5.8-acre site
- Great opportunity to redevelop into medical, multi-family, mixed-use, etc
- Across from Henry Ford Providence Southfield Hospital
- Close to Oakland Community College Southfield Campus
- Near 100-acre, $285M Northland Cty Center Mixed-use Development
- Quick access to The Lodge Freeway (M-10) and I-696
Description
This is an excellent investment opportunity with significant financial upside potential through redevelopment. Current B-3 zoning and potential use flexibility from the City of Southfield should allow for various uses that will maximize the physical and financial potential of the property - including a medical facility, multi-family development, hotel, mixed-use development, etc. Surrounding this property, several new apartment buildings are up and pre-leased which will be the initial anchor for more new mixed-use products to come. The State of Michigan (through the Michigan Economic Development Corporation) has several tax incentive programs that will provide a developer financial assistance for a re-development.
Located within the City of Southfield's Downtown Development Authority District and across the street from Henry Ford Providence Southfield Hospital, Oakland Community College, and the 100-acre Northland City Center mixed-use development. Close proximity to M-10 (The Lodge Freeway) and I-696. This site is surrounded by ample retail, restaurants, amenities, and new housing developments for over 1,500 units.
