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    24293 Telegraph Rd Southfield, MI 48034

    Sponsored
    For Sale
    $2,500,000

    43,000 SF Creative Office Building for Sale

    Property size:
    43,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional creative office building, located at 24293 Telegraph Road in Southfield, Michigan, presents a compelling investment opportunity. The 43,000 square foot property, built in 1970 and extensively renovated in 2000, is currently 70% occupied, offering immediate income potential. The building features a multi-tenant configuration with flexible suite sizes ranging from 2,777 to 10,322 square feet, catering to a variety of business needs. Leases are structured on a gross basis, with a current rate of $11.50 per square foot, plus electricity. On-site management and ownership ensure efficient operations and responsive tenant service. The property boasts ample parking, contributing to tenant convenience and satisfaction. Recent upgrades include newer common area restrooms, reflecting a commitment to maintaining a clean and secure environment. The asking price for this well-maintained and strategically located office building is $2,500,000. This presents a rare opportunity to acquire a substantial, income-producing asset in the thriving Southfield market. The building's location in Oakland County, Michigan, provides easy access to major transportation routes and a robust business community.

    Property Features for 24293 Telegraph Rd

    General Information

    Property type
    Office space
    Square Feet
    43,000 SF

    Building Details

    Year Built/Renovated
    1970/2000

    HighLights

    • 2,777 SF to 10,322 SF of flexible office space available.
    • On‑site management and ownership.
    • Clean and secure office environment.
    • Ample parking.
    • Newly renovated common area restrooms.
    • $11.50/SF gross rent, plus electricity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alexandria Home Solutions Window Installation Service The National Appellate Clinic ... Legal Services Personic Images Embroidery Shop The Company You Keep ... Trucking Company DIRECTV & AT&T - Authorized ... Internet Service Provider

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2880591
    Latitude
    42.4966195

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    FAQs

    What type of property is this?
    Office space - 43,000 SF Creative Office Building for Sale
    Where is this office space located?
    The property is located at 24293 Telegraph Rd Southfield, MI.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 2,777 SF to 10,322 SF of flexible office space available.; On-site management and ownership.; Clean and secure office environment.
    Request Owner's contact information
    24293 Telegraph Rd Southfield, MI 48034
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    Southfield, MI 48034
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24293 Telegraph Rd Southfield, MI 48034
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