Two-Story Office
17220 W 12 Mile Road Southfield, MI 48076
17220 W 12 Mile Road, Southfield, MI, 48076
$1,475,000
For Sale
$1,475,000
Two-story office building with 50% occupancy, offering an owner-user opportunity near Birmingham and Royal Oak.
Property Size14,890 SF
Price / SF$99.06
Days on Market292
Property Features for 17220 W 12 Mile Road
General Information
- Standard status
- Active
- Size
- 14,890 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1971
Listing agency
Forward Commercial Group
(248) 662-5066
Listed by
Emil Cherkasov · License #6502392741
(248) 662-5066
Source
Phgrealty
Added: Oct 3, 2025 Updated: Jul 20 at 2:39AM Checked: Jul 20 at 2:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Forward Commercial Group
Investment Insights
Based on property information with market context.
This two-story office building offers 14,890 square feet of space and is currently 50% occupied, creating a practical owner-user setup. Prospective buyers should note the instructions: do not disturb or approach tenants.
The property is centrally located just east of Southfield Road and is minutes from Birmingham and Royal Oak. The address is 17220 W 12 Mile Road, Southfield, MI 48076.
The property is centrally located just east of Southfield Road and is minutes from Birmingham and Royal Oak. The address is 17220 W 12 Mile Road, Southfield, MI 48076.
Key Highlights
- Two‑story office building built in 1971
- Total building size: 14,890 SF
- Centrally located just east of Southfield Road
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.3k | $6.00 |
| − Vacancy | −$21.0k | −$1.41 |
| EGI | $68.3k | $4.59 |
| − OpEx | −$17.1k | −$1.15 |
| NOI | $51.3k | $3.44 |
14,890 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$732.3K
$640.7K – $854.3K
NOI $51,259 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.21M
$2.81M – $3.75M
NOI $224,815 @ 7.0% cap · market cap 15.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Two-story office building with 50% occupancy, offering an owner-user opportunity near Birmingham and Royal Oak.
Where is this office building located?
The property is located at 17220 W 12 Mile Road Southfield, MI.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Two‑story office building built in 1971; Total building size: 14,890 SF; Centrally located just east of Southfield Road
