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Property summary
This exceptional 4,826 square foot single-tenant office building, located at 24725 Greenfield Road in Southfield, Michigan, 48075, presents a fantastic opportunity for owner-occupancy or investment. Built in 1966 and extensively renovated in 2024, this one-story brick building boasts a modern and functional layout ideal for traditional office or medical/dental practices. The property features 27 parking spaces, providing ample convenience for staff and clients. Its prime location offers immediate access to M-696, placing it in close proximity to major medical facilities such as Troy Beaumont and Southfield Ascension Providence Hospital. The building's interior finishes are of high quality, reflecting the recent renovation. The single-tenant occupancy provides a streamlined and efficient operational environment. This property is available for both sale and lease, offering flexibility to suit various business needs. The building's excellent condition and strategic location make it a highly desirable asset in the competitive Southfield market. Situated south of 10 Mile Road on Greenfield Road, this property offers easy access and high visibility. The property is move-in ready, eliminating the need for extensive pre-occupancy renovations.
Property profile
VerifiedCap rate & NOI
Current use
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Insurance Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intended of this district to provide areas in the city for single-family dwellings as permitted uses and residentially related uses
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
R-3 · Southfield, MIThe intended of this district to provide areas in the city for single-family dwellings as permitted uses and residentially related uses
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The intended of this district to provide areas in the city for single-family dwellings as permitted uses and residentially related uses
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-3 in Southfield, MI.
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