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    40700 Woodward Ave Bloomfield Hills, MI 48304

    Sponsored
    For Lease
    $25 SF/Yr

    Bloomfield Hills medical & creative office suites.

    Lot size:
    32,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional single-story office building, located at 40700 Woodward Avenue in Bloomfield Hills, Michigan, offers a unique blend of medical and creative office spaces. Built in 1966 and extensively renovated in 2012, the 32,000 square foot building boasts a prime location in Oakland County (APN 19-14-151-005) and features ample parking with 120 spaces. Currently, there are 15,042 square feet of vacant space available, offering flexible lease options for businesses seeking suites of up to 12,000 square feet. The property's versatile design caters to a variety of tenants, making it ideal for both medical practices and creative agencies. Its convenient location on Woodward Avenue provides excellent visibility and accessibility. The building's modern amenities, combined with its rich history, create a unique and desirable workspace. This is a fantastic opportunity to secure prime office space in a thriving Bloomfield Hills community, with easy access to major transportation routes and a wealth of local amenities. The property is zoned for multiple tenants and offers a blend of traditional, medical, and creative office space. Don't miss this chance to establish your business in this well-maintained and strategically located building.

    Property Features for 40700 Woodward Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,000 SF
    Total Rate
    68000

    Building Details

    Year Built/Renovated
    1966/2012
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 100
    Size
    4,959 SF
    Rate per SF
    $25
    Space
    Suite 300+350
    Size
    5,081 SF
    Rate per SF
    $25
    Space
    Suite 300
    Size
    2,236 SF
    Rate per SF
    $25
    Space
    Suite 350
    Size
    2,845 SF
    Rate per SF
    $25

    HighLights

    • Prestigious Woodward Avenue, Bloomfield Hills location.
    • Suites available ranging from 1,800 to 5,081 square feet.
    • Recently renovated interior and exterior.
    • Owner‑occupied building.
    • Floor‑to‑ceiling windows.
    • Lease rate starting at $25.50 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.245666
    Latitude
    42.5849816

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    FAQs

    What type of property is this?
    Office space - Bloomfield Hills medical & creative office suites.
    Where is this office space located?
    The property is located at 40700 Woodward Ave Bloomfield Hills, MI.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Prestigious Woodward Avenue, Bloomfield Hills location.; Suites available ranging from 1,800 to 5,081 square feet.; Recently renovated interior and exterior.
    Request Owner's contact information
    40700 Woodward Ave Bloomfield Hills, MI 48304
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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
    40700 Woodward Ave Bloomfield Hills, MI 48304
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