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For Sale 15-Acre, Lot B3

20261067988 MLS

For Sale 15-Acre, Lot B3

12 Mile Rd, Southfield

Courtesy of My Realty LLC 2484193999

Chestnut Oaks is an 8-unit, fully occupied garden-style apartment community in Southfield offering a turnkey multifamily investment opportunity. Built in 1986, the property spans two 2-story buildings totaling approximately 7,600 SF on a 0.70-acre lot, zoned RM. Unit mix includes four 1BR/1BA units (850 SF) and four 2BR/1BA units (1,050 SF), each featuring in-unit washer/dryer. Masonry construction, natural gas and wall furnace heat, and 14 parking spaces (2.00/unit). Landlord pays water and trash; tenants pay electric. Professionally managed by Silverside Management with strong historical occupancy. Current NOI of $92,517 reflects a 6.73% cap rate on the $1,375,000 asking price ($171,875/unit), with upside to a pro forma NOI of $93,429 (6.79% cap rate) through market rent adjustments. Convenient location near W 11 Mile Rd and Marshall St with easy access to major Southfield corridors. Property is tenant-occupied; showings by appointment only. Contact listing agent for financial package and additional details.

8 Baths ⋅ 20261058360 MLS

Chestnut Oaks is an 8-unit, fully occupied garden-style apartment community in Southfield offering a turnkey multifamily investment opportunity. Built in 1986, the property spans two 2-story buildings totaling approximately 7,600 SF on a 0.70-acre lot, zoned RM. Unit mix includes four 1BR/1BA units (850 SF) and four 2BR/1BA units (1,050 SF), each featuring in-unit washer/dryer. Masonry construction, natural gas and wall furnace heat, and 14 parking spaces (2.00/unit). Landlord pays water and trash; tenants pay electric. Professionally managed by Silverside Management with strong historical occupancy. Current NOI of $92,517 reflects a 6.73% cap rate on the $1,375,000 asking price ($171,875/unit), with upside to a pro forma NOI of $93,429 (6.79% cap rate) through market rent adjustments. Convenient location near W 11 Mile Rd and Marshall St with easy access to major Southfield corridors. Property is tenant-occupied; showings by appointment only. Contact listing agent for financial package and additional details.

15925 W 11 Mile Rd, Southfield

Courtesy of Greater Development LLC 3132092900

20261009210 MLS

29555 Northwestern Hwy, Southfield

Courtesy of Central Properties 2483886749

Two-story 14,890 SF office building centrally located just east of Southfield Road and minutes from Birmingham and Royal Oak. Property is 50% occupied providing an ideal owner/user opportunity. Do not disturb or approach tenants.

20251042463 MLS

Two-story 14,890 SF office building centrally located just east of Southfield Road and minutes from Birmingham and Royal Oak. Property is 50% occupied providing an ideal owner/user opportunity. Do not disturb or approach tenants.

17220 W 12 Mile Rd, Southfield

Courtesy of Forward Commercial Group 2486625066

Selling Office: Forward Commercial Group.

Prime Opportunity for Automotive Business Ownership. Fully updated and well-established automotive repair shop on high-traffic Telegraph Road. This property features a spacious facility with a newly paved expanded parking lot. A dedicated Chassis Dyno Room, ideal for vehicle testing, diagnostics, and expanded service capabilities. Highlights include 8 repair bays with hoists, airlines with a compressor, and various diagnostic and repair equipment. This sale includes the business and the real estate. There is a separate suite included for possible rental and/or separate business. Please refrain from contacting the business or its employees directly regarding this sale. All inquiries and appointment requests should be directed to the listing agent. Financial documents are available upon signing a Non-Disclosure Agreement (NDA).

20251026911 MLS

Prime Opportunity for Automotive Business Ownership. Fully updated and well-established automotive repair shop on high-traffic Telegraph Road. This property features a spacious facility with a newly paved expanded parking lot. A dedicated Chassis Dyno Room, ideal for vehicle testing, diagnostics, and expanded service capabilities. Highlights include 8 repair bays with hoists, airlines with a compressor, and various diagnostic and repair equipment. This sale includes the business and the real estate. There is a separate suite included for possible rental and/or separate business. Please refrain from contacting the business or its employees directly regarding this sale. All inquiries and appointment requests should be directed to the listing agent. Financial documents are available upon signing a Non-Disclosure Agreement (NDA).

24125 Telegraph Rd, Southfield

Courtesy of Gearhead Homes Realty Inc 2489746003

Selling Office: Gearhead Homes Realty Inc.

2 buildings, long term tenants. Call for more info.

20251015700 MLS

2 buildings, long term tenants. Call for more info.

24525 Southfield Rd, Southfield

Courtesy of RE/MAX Team 2000 3135610900

Selling Office: RE/MAX Team 2000.

IDX provided courtesy of Realcomp II Ltd., via Real Estate Company. Copyright 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.