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    Multi-Tenant Office Building Title is generated by Realmo AI

    22777 W Eleven Mile Rd, Southfield, MI 48033

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    Claim this Listing
    New
    For Sale
    $1,700,000

    Office building offering prominent road visibility and flexible options for owner-users or multiple tenants.

    Type:Office
    Property size:
    31,638 SF
    Lot size:
    2.49 Acres
    Price / SF:
    $53/SF
    Added:
    Jun 8, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 11 at 3:05 am

    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

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    Listing Contact
    Daniel Canvasser
    Daniel Canvasser

    Listing agent Daniel Canvasser

    Listing office Newmark Knight Frank Detroit

    Listing date Jun 8, 2026

    Source Cpix.resimplifi

    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

    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
    • Convenient access to Downtown Detroit, Southfield, and surrounding suburbs
    • Close proximity to restaurants, retail, and services

    Overview

    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.

    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 $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 (±1% cap)
    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 (±1% cap)
    NOI $477,683 @ 7.0% cap · market cap 28.10%
    Zoning and permitted uses should be independently verified with local authorities.
    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

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.279117
    Latitude
    42.484374

    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
    More about this property
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