23055 Telegraph Rd - Freestanding FOR SALE


Southfield, MI 48033
$2,799,000 USD
248-505-4400
23055 Telegraph Rd, Southfield, MI for Sale
$2,799,000 USD
Freestanding - FOR SALE
1/1
null | Request Cap Rate

23055 Telegraph Rd
Southfield, MI 48033


HIGHLIGHTS

  • Approved plans available for conveyor-type car wash development.
  • Frontage and access from both Telegraph Road and Nine Mile Road.
  • Positioned along a heavily traveled commercial corridor.
  • Flexible redevelopment potential for multiple commercial uses.
  • Strong visibility to more than 56,000 vehicles daily on Telegraph Road.
  • Located within an established Southfield commercial environment.

OVERVIEW

23055 Telegraph Road presents a redevelopment and owner-user opportunity along one of Metro Detroit's most established commercial corridors. The property consists of a 4,242-square-foot building situated on 1.66 acres with frontage and access from both Telegraph Road and Nine Mile Road. Its location along a heavily traveled arterial corridor provides strong visibility and convenient access to surrounding residential neighborhoods, retail centers, and employment hubs throughout Southfield and the greater Oakland County market. A key differentiator is the property's approved plans for a conveyor-type car wash development, offering a potential path forward for users or investors seeking to capitalize on an entitlement already in place. The site's configuration and access characteristics also support a variety of alternative commercial uses, including automotive service operations, quick-service restaurant concepts with drive-thru functionality, financial institutions, coffee users, medical practices, and other commercial applications where visibility and accessibility are important operational considerations. The surrounding area benefits from substantial traffic volumes, including more than 56,000 vehicles per day on Telegraph Road north of Nine Mile Road, supporting strong exposure to consumers and commuters. Nearby population density and established commercial activity further reinforce the property's long-term utility for a range of retail and service-oriented uses. Whether pursued as a redevelopment opportunity, adaptive reuse project, or owner-occupied commercial location, the property offers a combination of size, access, visibility, and approved development potential within a mature Southeast Michigan market.

FOR SALE DETAILS

PRICE

$2,799,000 USD

PRICE/SF

$660 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

B-3

APN/PARCEL ID

24-29-476-024

ASK ABOUT THIS PROPERTY

Marvin PetrousSignature AssociatesMore Info
248-505-4400

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Marvin PetrousSignature AssociatesMore Info
248-505-4400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.