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Class A Office Building
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40950 Woodward Ave, Bloomfield Hills, MI 48304

Recently renovated office building offers covered garage parking and suites with extensive glass and direct stairwell access.

Space Size3,277 SF
Days on Market1211

Property Features for 40950 Woodward Ave

General Information

Standard status Active
Size 3,277 SF
Class A
Property subtype OFFICE

Amenities

covered garage parking

Spaces For Lease

at 40950 Woodward Ave Contact us

40950 Woodward Ave $21.50/SF/Yr

Floor
1
Size
3,277 SF
Type
OFFICE
Lease Type
PLUS_ELECTRIC
Availability
AVAILABLE, Now
Sublease
No
+Class “A” Office Property +Up to 12,439 Square Feet Available +Recently Renovated...
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Listing Agency: L. Mason Capitani, Inc.
Listed By: Mason L. Capitani, SIOR · License #6501377543
Source: Moodyscre
Added: May 3, 2023 Changed: Aug 8 Last Checked: Aug 24 at 1:14PM

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 L. Mason Capitani, Inc.

Investment Insights

Based on property information with market context.

This Class “A” office property offers available office space and features a recently renovated lobby. Suites are described as having three sides of glass and direct access to stairwells, supporting efficient floor planning and tenant access. The building is currently under new ownership and management.

The property is located at 40950 Woodward Ave in Bloomfield Hills, with covered garage parking available for occupants. The area is positioned near fine and casual dining, and is minutes from Bloomfield Hills Country Club.

Space availability is noted up to 12,439 square feet, with suites offered in configurations that include prominent multi-sided glazing and direct stairwell connectivity.

Key Highlights

  • Up to 12,439 SF of Class A office space available
  • Recently renovated lobby
  • Suites feature 3 sides of glass and direct access to stairwells

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Restaurant Auto Repair Shop Big Box & Wholesale Store Building Supply Hair Salon Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.23 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,232
Businesses Nearby

Demographics for 48304, MI

17,437
Population
7,165
Households
2.4
Avg Household Size
50
Median Age
74%
College-Educated
98%
High-School Grad
11.4 sq mi
ZIP Area
1,530
Density / Sq Mi
$140,700
Median Household Income
$76,094
Median Earnings
$1,492
Median Rent
$481,500
Median Home Value

Market

Lease Benchmarks for Bloomfield Hills, MI

$32.28 /SF/Yr
Avg Asking Price
$14.95–$50 /SF/Yr
Price Range
3,904 SF
Avg Space Size

This space is priced 33% below the average of $32.28 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Recently renovated office building offers covered garage parking and suites with extensive glass and direct stairwell access.
Where is this office units located?
The property is located at 40950 Woodward Ave Bloomfield Hills, MI.
What is the lease rate?
The lease rate is $21.50 SF/Yr.
What are key features of this property?
This property features: Up to 12,439 SF of Class A office space available; Recently renovated lobby; Suites feature 3 sides of glass and direct access to stairwells
(248) 637-7795 Call to check price and availability
More about this property
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