24225 Nine Mile Rd Southfield, MI 48033
- Office buildings
- 16,758 SF
- 1.14 lot acres
Current Use by Public Records
- Office buildings
Property Details for 24225 Nine Mile Rd
- Year built
- 1972
- Lot size
- 1.14 lot acres
- Property size
- 16,758 SF
- Zone code
- OS
- Property type
- Office buildings
- APN
- 76-24-32-226-027
- APU
- 762432226027
Description
This exceptional Southfield, MI office property at 24225 W Nine Mile Rd (cross streets: 9 Mile and Telegraph Rd), offers a variety of flexible lease options in a newly renovated building. The 18,000 square foot, two-story building, constructed in 1970 and completely renovated in 2023, features multiple tenancy options ranging from 350 to 850 square feet. Available spaces include single offices and suites, all boasting new flooring and fresh paint. The building is conveniently located in Southfield, MI, 48033, providing easy access for employees and clients alike. While there are no elevators, the building offers 24/7 access for tenants and staff. Professional tenants only
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $440,000
- 6.5%
- $450,000
- 7%
- $470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $420,000
- Geo Method
- $430,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $385,000
- Retail
- $455,000
- Mixed-Use
- $490,000
- Hospitality
- $410,000
- Educational
- $480,000
- Residential Income
- $355,000
- Energy
- $365,000
- Income-Based Land
- $465,000
- Food Service
- $350,000
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2814
- Latitude
- 42.4568
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA