29000 Inkster Rd Southfield, MI 48034-1097
- Office buildings
- 14,670 SF
- 1.56 lot acres
Current Use by Public Records
- David Adgate / Attorney
- Michael R. Shaffer / Attorney
- Nicolas A. Vesprini / Attorney
- Kimberly Steinberg Goodman / Attorney
- Dr. Frederick Marshall / Psychologist / Practitioner Service Location
Property Details for 29000 Inkster Rd
- Year built
- 1997
- Lot size
- 1.56 lot acres
- Property size
- 14,670 SF
- Zone code
- OS
- Property type
- Office buildings
- APN
- 76-24-07-351-032
- APU
- 762407351032
Description
This exceptional 14,406 square foot executive office building, located at 29000 Inkster Road in Southfield, Michigan, presents a compelling investment opportunity. The Class B property, built in 1997, sits on a highly visible corner lot at the intersection of 12 Mile and Inkster Roads, ensuring excellent exposure. Currently operating at 100% occupancy with a multi-tenant lease expiring September 19, 2025, this single-story building offers immediate income potential. The property features 59 parking spaces and is zoned BI - Business, providing flexibility for future uses. With a total asking price of $2,400,000 ($166.60 per square foot), this well-maintained and beautifully landscaped building is priced attractively below replacement cost. The property's parcel number is 24-07-351-032. This is an ideal acquisition for investors seeking a stable, income-producing asset in a prime Southfield location. The building's excellent condition and prominent location make it a strong contender for long-term growth and profitability. The current lease provides a clear path to future income, while the strategic location and attractive pricing offer significant upside potential. Don't miss this chance to secure a valuable asset in a thriving market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,050,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,305,000
- 6.5%
- $2,125,000
- 7%
- $2,130,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,440,000
- Geo Method
- $1,940,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,020,000
- Retail
- $1,710,000
- Mixed-Use
- $2,135,000
- Hospitality
- $2,145,000
- Educational
- $2,340,000
- Residential Income
- $2,225,000
- Energy
- $2,085,000
- Income-Based Land
- $2,195,000
- Food Service
- $1,895,000
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.319
- Latitude
- 42.5009
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
