Century Office
For Sale
Contact for pricing
21500 Haggerty, Northville, MI 48167
Refinished common areas, tenant conveniences, and modern connectivity support an efficient office environment.
Property Size50,706 SF
Days on Market150
Property Features for 21500 Haggerty
General Information
Standard status
Active
Size
50,706 SF
Class
A
Property subtype
Office
Lease Term
Gross + Electric
Building Details
Building Size
50,706 SF
Year Built
2000
Properties For Sale
at 21500 Haggerty
140
Size
4,547 SF
Term
Negotiable
Listing Agency:
Thomas A. Duke Company
Listed By:
Andrew Goble
(248) 884-2304
Source:
Thomasduke
Added: Jun 2
Changed: Oct 27
Last Checked: Oct 28 at 6:43AM
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 Thomas A. Duke Company
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Investment Insights
Based on property information with market context.
Century Building is a 50,000-square-foot office property at 21500 Haggerty in Northville, Michigan. The building features a brick-and-bronze-glass exterior, landscaped grounds, and updated common areas. Office operations are supported by 24/7 building access, a first-floor mail room, an always-available vending market, and janitorial service on business days.
The property offers exposure to I-275 and Haggerty Road, with access to expressways and Detroit Metro Airport. Connectivity infrastructure includes multiple fiber operators, a building-wide fiber backbone, IP-networked building devices, and alarm capabilities. Four electric vehicle chargers are available for tenant and guest use.
The property offers exposure to I-275 and Haggerty Road, with access to expressways and Detroit Metro Airport. Connectivity infrastructure includes multiple fiber operators, a building-wide fiber backbone, IP-networked building devices, and alarm capabilities. Four electric vehicle chargers are available for tenant and guest use.
Key Highlights
- 50,000‑square‑foot office building completed in 2000
- Exposure to I‑275 and Haggerty Road with expressway and Detroit Metro Airport access
- Brick‑and‑bronze‑glass facade with park‑like grounds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,555
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,491,100
$3.5M
Cap Rate 7%
$2,493,643
$2.5M
Cap Rate 9%
$1,939,500
$1.9M
Market Conditions
NOI Build-Up for 50,706 SF
Gross rent
$304.2K $6.00/SF
− Vacancy
−$71.5K −$1.41/SF
EGI
$232.7K $4.59/SF
− OpEx
−$58.2K −$1.15/SF
NOI
$174.6K $3.44/SF
Area
Wayne County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,491,100
Cap Rate 7%
$2,493,643
Cap Rate 9%
$1,939,500
Alternative Uses
Best Use
Office B
$2.49M
$2.18M – $2.91M
NOI $174,555 @ 7.0% cap · market cap 793,431.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.39M
$8.21M – $10.95M
NOI $657,150 @ 7.0% cap · market cap 2,987,045.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
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Business Placement
Demographics for 48167, MI
25,071
Population
10,776
Households
2.3
Avg Household Size
43
Median Age
59%
College-Educated
98%
High-School Grad
19.4 sq mi
ZIP Area
1,292
Density / Sq Mi
$118,378
Median Household Income
$68,761
Median Earnings
$1,580
Median Rent
$430,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Refinished common areas, tenant conveniences, and modern connectivity support an efficient office environment.
Where is this office building located?
The property is located at 21500 Haggerty Northville, MI.
What are key features of this property?
This property features: 50,000‑square‑foot office building completed in 2000; Exposure to I‑275 and Haggerty Road with expressway and Detroit Metro Airport access; Brick‑and‑bronze‑glass facade with park‑like grounds
