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    FOR LEASE
    Office buildings

    26440 Southfield Rd, Lathrup Village, MI 48076

    5,920 SF 0.28 ac lot Built 1966
    Entity Owned 26-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0292172
    Property summary
    AI-generated overview

    This exceptional 1,500-square-foot creative office suite is located at 26440 Southfield Road, Suite 6, Lathrup Village, Michigan, in Oakland County. Situated south of Southfield Road and west of 11 Mile Road, this single-tenant space boasts recently updated features including fresh white paint, attractive millwork, elegant French doors, and modern 2x2 ceiling panels with recessed lighting in the reception area. The suite includes two private lavatories and a built-in reception area featuring a granite countertop. The versatile layout offers approximately six private offices and at least three open-plan areas, all benefiting from abundant natural light thanks to large slider windows facing west. The suite has its own separate electric and gas meters, along with individual HVAC control. Water is included in the lease. The building offers added security with surveillance cameras covering the common areas and parking lot, which is illuminated by dusk-to-dawn lighting. Weekly common area cleaning, snow removal, and lawn maintenance are provided. Tenants are responsible for obtaining and maintaining current business licenses with the City of Lathrup Village. The owner prefers office use and will give priority to applicants seeking such use. Personal care service businesses are not preferred. Rent concessions may be available for pre-approved tenant improvements. The total building size is 5,920 square feet, and the property is zoned Commercial, Multiple, Office.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1966
    Total area 5,920 SF
    Lot 0.28 ac (12,197 SF)
    Zoning code BI
    APN 40-24-24-151-014
    UPID US43-0292172
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $634k
    Blend (final) Blend
    $530k
    Owner & transaction history
    Nsfsou Investments I LLC · 26 yrs held
    Nsfsou Investments I LLC
    since 1999
    4 recorded transactions
    1999
    1999
    $270,000
    1999
    $190,000
    1999
    $225,000
    Zoning & alternative use
    BI · Lathrup Village, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $725,000 +14.9%
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    More about this property
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