Looking for a high-visibility commercial space in Lathrup Village with stable rental income and prime road exposure? This standalone mixed-use property on W 11 Mile offers excellent investment potential just minutes from major freeways. This 4,648 square foot building is currently configured as a salon and office space. The front salon unit is leased at $4,000/month to long-term tenants who wish to remain, offering immediate cash flow. The layout supports flexible use, ideal for owner-occupants, investors, or professionals seeking high-traffic frontage in a well-connected corridor. Recent improvements include a newer roof and gutters, reducing near-term capital expenses. The building is zoned for commercial use and located within the Southfield Public School District, offering potential value-add for future redevelopment or expanded services. With easy access to Southfield Rd, I-696, and nearby city amenities, this site benefits from consistent vehicle and foot traffic. Ample visibility and convenient access make it a standout choice for businesses that rely on exposure.
Oakland is located in Michigan. Oakland, Michigan has a population of 5,793. Oakland is more family-centric than the surrounding county with 50.13% of the households containing married families with children. The county average for households married with children is 32.55%.
The median household income in Oakland, Michigan is $157,536. The median household income for the surrounding county is $86,275 compared to the national median of $69,021. The median age of people living in Oakland is 38.1 years.
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 15.5 degrees. The average rainfall is approximately 32.3 inches per year, with 33.3 inches of snow per year.
