Multi-Tenant Office
22777 W Eleven Mile Rd Southfield, MI 48033
For Sale
$1,700,000
Office building offering prominent road visibility and flexible options for owner-users or multiple tenants.
Property Size31,638 SF
Lot Size2.49 Acres
Price / SF$53.73
Days on Market49
Property Features for 22777 W Eleven Mile Rd
General Information
- Standard status
- Active
- Size
- 31,638 SF
- Lot size
- 2.49 Acres
- Property subtype
- Office
Listing Agency:
Newmark Knight Frank Detroit
(248) 231-7556
Listed By:
Daniel Canvasser
(248) 231-7556
Source:
Cpix.resimplifi
Added: Jun 8
Changed: Jul 10
Last Checked: Jul 26 at 2:55AM
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 Newmark Knight Frank Detroit
Investment Insights
Based on property information with market context.
The property is a 31,638 SF office building situated on 2.49 acres. It is offered for sale and presented as a value-add opportunity, suitable for either an owner-user or a multi-tenant setup.
The building features prominent signage and visibility from M-10 and Eleven Mile Road. It is also positioned close to restaurants, retail, and other services, with convenient access to downtown Detroit, Southfield, and surrounding suburbs.
For tenants and buyers, the key advantage is the ability to configure the space for different office users within a single ownership structure. The site’s visibility and established commercial surroundings support a practical office location for organizations seeking convenient access and straightforward brand exposure from major roads.
The building features prominent signage and visibility from M-10 and Eleven Mile Road. It is also positioned close to restaurants, retail, and other services, with convenient access to downtown Detroit, Southfield, and surrounding suburbs.
For tenants and buyers, the key advantage is the ability to configure the space for different office users within a single ownership structure. The site’s visibility and established commercial surroundings support a practical office location for organizations seeking convenient access and straightforward brand exposure from major roads.
Key Highlights
- 31,638 SF office building on 2.49 acres
- Prominent signage and visibility from M‑10 and 11 Mile Road
- Flexible layout for an owner‑user or multiple tenants
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 | $189.8k | $6.00 |
| − Vacancy | −$44.6k | −$1.41 |
| EGI | $145.2k | $4.59 |
| − OpEx | −$36.3k | −$1.15 |
| NOI | $108.9k | $3.44 |
31,638 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.56M
$1.36M – $1.82M
NOI $108,914 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.82M
$5.97M – $7.96M
NOI $477,683 @ 7.0% cap · market cap 28.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dina F Ibrahim, ...
Pediatrician
Marisa E Elias, ...
Pediatrician
Henry Ford Rehabilitation ...
Rehabilitation Center
Salim Meram, MD
Physician
Howard B Schwartz ...
Pediatrician
FAQs
What type of property is this?
Office building - Office building offering prominent road visibility and flexible options for owner-users or multiple tenants.
Where is this office building located?
The property is located at 22777 W Eleven Mile Rd Southfield, MI.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 31,638 SF office building on 2.49 acres; Prominent signage and visibility from M‑10 and 11 Mile Road; Flexible layout for an owner‑user or multiple tenants
