Current Use by Public Records
- Office Spaces
Property Details for 1877-1899 Orch Lk Rd
- Year built
- 1971
- Property type
- Office Spaces
Description
This exceptional investment opportunity presents two Class B executive office buildings totaling 17,920 square feet, situated at 1877-1899 Orchard Lake Road in Bloomfield Hills, Michigan, 48302. Built in 1971, this multi-tenant property boasts a remarkable 95% occupancy rate, generating approximately $150,000 in annual rental income. Each building offers 8,960 square feet of well-maintained professional office space. The asking price is $1,750,000, representing a compelling $97.65 per square foot and a 3.50% capitalization rate. The property benefits from convenient access to Telegraph Road and I-75, enhancing its appeal to tenants. Significant improvements include new underground and above-grade parking, ensuring ample parking for tenants and visitors. This property is ideal for both owner-users and investors seeking a stable, high-performing asset in a prime location. The property's strong occupancy and consistent rental income stream make it a particularly attractive investment opportunity in the competitive Bloomfield Hills market. The location offers easy access to major roadways and a thriving business community.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bloomfield Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3041
- Latitude
- 42.5806
