21840 9 Mile RdSouthfield, MI 48075

Property Details for 21840 9 Mile Rd

Year built

1970

Lot size

1.72 AC

Property size (Sq ft)

22,625 SF

Zone code

B-3

Property type

Office properties

Property subtype

Office buildings

APN

76-24-27-351-040

APU

762427351040

Description

This exceptional 21,630-square-foot executive office building presents a rare owner/user opportunity in the highly desirable Southfield, Michigan market. Located at 21840 W Nine Mile Rd, this property boasts prime commercial exposure with fantastic visibility on a major thoroughfare. The building offers abundant parking, ensuring convenient access for employees and clients. Smooth ingress and egress contribute to a seamless operational experience. The strategic location provides easy access to the region's major freeways, connecting businesses to the broader metropolitan area. Furthermore, the property is situated near a variety of restaurants and retail amenities, enhancing convenience and attracting a diverse workforce. This offering represents a significant investment opportunity, priced substantially below replacement cost. The building's size and features make it ideal for a company seeking to establish a substantial presence in a thriving commercial hub. The long-term tenant in place adds to the investment's stability and potential for future growth. This is a unique chance to acquire a well-located, high-quality office building in a sought-after area of Oakland County, Michigan, with a zip code of 48075. Don't miss this chance to own a piece of Southfield's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $3,873,127

  6.5%

  $3,575,194

  7%

  $3,319,823

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,116,342

  Geo Method

  $2,116,342

• Alternative Use

  Use

  Valuation

  Residential

  $4,433,241

  Hospitality

  $4,060,825

  Educational

  $3,378,558

  Medical

  $3,494,752

  Retail

  $5,255,536

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.4586

Longitude

-83.2584

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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