21751 11 Mile Rd Southfield, MI 48076
- Medical offices
- 17,652 SF
- 1.09 lot acres
Current Use by Public Records
- A'Maries Skin Bar / Day Spa
- Dr. Richard L. Linsk, MD / Psychiatrist / Pediatrician
- The Forgiveness Centers / Counselor / Consultant
- Iskander, Nazih MD - Medical Acupuncture / Acupuncturist / Acupuncture Clinic
- Metro Pain Clinic - Nazih Iskander, MD. / Pain Management Physician / Physiatrist
Property Details for 21751 11 Mile Rd
- Year built
- 1967
- Lot size
- 1.09 lot acres
- Property size
- 17,652 SF
- Zone code
- OS
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 76-24-22-101-013
- APU
- 762422101013
Description
This exceptional investment opportunity presents a portfolio of five office buildings totaling 31,189 square feet, ideally situated in Southfield, Michigan. The property, located at 21681, 21701, 21721, and 21751 West Eleven Mile Road, is zoned OS - Office Services and sits on a 2.81-acre lot. The buildings, constructed in 1967, feature a two-story design and boast a diverse range of sizes, including one building of 17,652 square feet, another of 1,464 square feet, a third of 3,945 square feet, and a fourth of 8,128 square feet. The property is served by city water and sewer. This multi-building portfolio is perfect for investors seeking a diverse range of income streams or a large-scale office presence in a highly desirable location. The asking price for this exceptional Southfield, MI property is $3,250,000, representing a price per square foot of $104.20. The property's location in Oakland County offers excellent access to major transportation routes and amenities. Detailed building plans and further information are available upon request. This is a rare opportunity to acquire a substantial office portfolio in a thriving market. The property's diverse building sizes offer flexibility for a variety of tenants or uses. The parcel numbers are 24-22-101-013; 011; 015; 016.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $990,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $805,000
- 6.5%
- $740,000
- 7%
- $730,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $770,000
- Geo Method
- $755,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $825,000
- Retail
- $760,000
- Mixed-Use
- $600,000
- Hospitality
- $710,000
- Educational
- $765,000
- Residential Income
- $725,000
- Energy
- $720,000
- Income-Based Land
- $630,000
- Food Service
- $780,000
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2593
- Latitude
- 42.4865
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
