17641 West 12 Mile Road — Lease in Southfield, MI

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Southfield, MI 48076

Description

Proposed Redevelopment + 0.88-Acre parcel available for proposed redevelopment + Located at the SEC of W 12 Mile and Southfield Road, with traffic counts exceeding 65,000+ VPD + Ample parking spaces and cross-parking + Nearby retailers include Kroger, Meijer, Lowe’s, Target, The Home Depot, and many more! + Ground Lease Rate: $165,000 Per Year NNN

Market Context

This retail in Southfield, MI is listed for lease. It has been on the market for 195 days. Compare it against other retail listings for lease in Southfield, MI — view the full market.

As of Q1 2026, the Detroit retail market showed average asking rents near $17.00/SF/yr, rents up 1.3% year over year, and cap rates around 7.7%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Detroit?
About 7.7% as of Q1 2026, per multiple brokerage reports.

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