28145 Greenfield RdSouthfield, MI 48076

Property Details for 28145 Greenfield Rd

Year built

1970

Lot size

0.33 AC

Property size (Sq ft)

5,050 SF

Zone code

OS

Property type

Office properties

Property subtype

Office buildings

APN

76-24-13-280-019

APU

762413280019

Description

This exceptional 5,050 square foot executive office building, located at 28145 Greenfield Road in Southfield, Michigan, presents a compelling investment opportunity. The property, built in 1970 and renovated in 1993, boasts a Class C designation and sits on a 0.33-acre lot. The building features a modified lease type with multi-tenancy potential, offering significant flexibility for various business needs. The asking price is $529,000, translating to $124.75 per square foot. Ample parking is provided with 26 spaces, a significant advantage in this location. The property benefits from prominent signage on busy Greenfield Road, enhancing visibility and accessibility. Inside, the building features a well-designed professional office layout, a second-floor kitchen area, and a newer roof and HVAC system, minimizing maintenance concerns. The property is zoned OS and its APN is 24-13-280-019. Its highly accessible location, approximately two miles north of I-696 and just south of Birmingham, offers convenient access to major transportation routes and a thriving business community. The beautifully landscaped grounds further enhance the property's curb appeal and create a welcoming atmosphere. This is a turnkey opportunity for a business seeking a well-maintained, conveniently located office space with excellent visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $973,021

  6.5%

  $898,173

  7%

  $834,018

• Comparable approach

  Method

  Valuation

  Relative Method

  $472,377

  Geo Method

  $472,377

• Alternative Use

  Use

  Valuation

  Residential

  $1,113,735

  Hospitality

  $1,020,175

  Educational

  $848,774

  Medical

  $877,964

  Retail

  $1,320,315

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.4977

Longitude

-83.2032

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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