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    Towne Sq Southfield, MI 48076

    For Lease
    $14 SF/Yr

    Class A Office Space, Southfield, MI

    Lot size:
    605,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Southfield, Michigan office property, Oakland Towne Square - Phase I, offers 605,000 square feet of premium Class A office space within two buildings. Located in the desirable Southfield N of 10 Mile submarket of Oakland County, this full-service business environment provides a range of suite sizes to accommodate various needs. Currently, there is 25,150 square feet of contiguous space immediately available, with a minimum divisible space of 691 square feet. The property features modern amenities including elevators, making it an ideal location for businesses of all sizes. The address is Towne Square, Southfield, MI 48076. This prime location offers easy access to major transportation routes and a wealth of local amenities. The property's design and features cater to a sophisticated and productive work environment. Whether your business requires a smaller, efficient space or a larger, more expansive footprint, Oakland Towne Square offers flexible options to meet your specific requirements. The property's Class A designation reflects its high-quality construction, modern design, and exceptional amenities. This is a rare opportunity to secure office space in a highly sought-after location.

    Property Features for 0 Towne Sq

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    605,000 SF
    Class
    A
    Total Rate
    731041.67

    Building Details

    Buildings
    2

    Unit(s) available at that property

    Space
    Size
    25,150 SF
    Rate per SF
    $14

    HighLights

    • On‑site cafeteria and restaurant with outdoor plaza.
    • State‑of‑the‑art fitness center including cardio equipment, weights, showers, and lockers.
    • Excellent freeway access via I‑696, Lodge Freeway (M‑10), and Northwestern Highway.
    • On‑site management and owner‑occupied building.
    • 24‑hour security and surveillance system.
    • 1,000‑space parking deck with six EV charging stations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2554617
    Latitude
    42.4831994

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Space, Southfield, MI
    Where is this office property / space located?
    The property is located at Towne Sq Southfield, MI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: On-site cafeteria and restaurant with outdoor plaza.; State-of-the-art fitness center including cardio equipment, weights, showers, and lockers.; Excellent freeway access via I-696, Lodge Freeway (M-10), and Northwestern Highway.
    Request Owner's contact information
    Towne Sq Southfield, MI 48076
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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
    Towne Sq Southfield, MI 48076
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