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33260483
33260465

23100 Providence Dr, Southfield, MI 48075

MS
MI MI 6501364824
P.A. Commercial Corporate & Investment Real Estate
P.A. Commercial Corporate & Investment Real Estate
Listed by P.A. Commercial Corporate & Investment Real Estate
$7,500,000
548 days on market
Updated 2 days ago

23100 Providence Dr & 16000 W 9 Mile Rd

Details
APN 2425476085
Property Type Multifamily, Mixed Use (+1)
Square Footage 151,563
Price per SqFt $22
Class B
Year Built 1969
Year Renovated 2000
Buildings 2
Stories 6
Acreage 5.800
Zoning ODD Potential
Parking Spaces 644 spaces
Parking Per SqFt 4.25
Investment Type Redevelopment
Ground Lease No
Ownership Single

151,563 SF Fully-Entitled Office to Multi-Family Conversion in Southfield DDA District

Marketing description

This fully-entitled redevelopment opportunity offers the rare ability to transform two strategically located office buildings into a dynamic mixed-use residential community in the heart of Southfield.

16000 W. 10 Mile Road and 23100 Providence Drive present a rare opportunity to acquire two office buildings totaling 151,563 square feet on 5.8 acres in the heart of Southfield’s rapidly evolving redevelopment corridor. Offered together for $7,500,000, the properties are fully entitled and shovel-ready for conversion into a mixed-use residential development featuring 157 apartment units, approximately 7,247 square feet of retail space, and a 308-unit self-storage component.

Located within the City of Southfield’s Downtown Development Authority District, the site sits directly across from Henry Ford Providence Southfield Hospital and near the transformative $400M Northland City Center redevelopment. The surrounding area has seen more than 1,500 new residential units recently completed or under construction, reinforcing strong demand for housing and mixed-use development.

The project may benefit from approximately $26.8 million in potential TIF incentives, along with additional state and local redevelopment programs that can significantly enhance project feasibility and long-term returns. Immediate access to M-10 and I-696, combined with proximity to major employers, healthcare, education, retail, and dining amenities, positions this offering as a premier adaptive reuse and redevelopment opportunity within Metro Detroit.

Investment highlights

  • Fully-entitled Office to Multi-Family Conversion in Southfield's Urban Core
  • Two buildings totaling 151,563 SF on a 5.8-acre site
  • Build Potential includes 157 apartment units, 7,247 SF of retail space, and a 308-unit self-storage component
  • $26.8 million in potential TIF incentives
  • Located across from Henry Ford Providence Southfield Hospital and near Northland City Center
  • Close to Oakland Community College Southfield Campus and Lawrence Tech University
  • Quick access to The Lodge Freeway (M-10) and I-696
  • Catalytic Redevelopment Opportunity!

Listing Contacts

MS
MI MI 6501364824
P.A. Commercial Corporate & Investment Real Estate
P.A. Commercial Corporate & Investment Real Estate
Listed by P.A. Commercial Corporate & Investment Real Estate

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Additional Information

Name
Matthew Schiffman
License
MI 6501364824
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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