24725 Greenfield Rd Southfield, MI 48075
- Office buildings
- 4,836 SF
- 0.30 lot acres
Current Use by Public Records
- Cheap Car Insurance / Auto Insurance Agency
Property Details for 24725 Greenfield Rd
- Year built
- 1966
- Lot size
- 0.30 lot acres
- Property size
- 4,836 SF
- Zone code
- R-3
- Property type
- Office buildings
- APN
- 76-24-25-229-030
- APU
- 762425229030
Description
This exceptional 4,826 square foot single-tenant office building, located at 24725 Greenfield Road in Southfield, Michigan, 48075, presents a fantastic opportunity for owner-occupancy or investment. Built in 1966 and extensively renovated in 2024, this one-story brick building boasts a modern and functional layout ideal for traditional office or medical/dental practices. The property features 27 parking spaces, providing ample convenience for staff and clients. Its prime location offers immediate access to M-696, placing it in close proximity to major medical facilities such as Troy Beaumont and Southfield Ascension Providence Hospital. The building's interior finishes are of high quality, reflecting the recent renovation. The single-tenant occupancy provides a streamlined and efficient operational environment. This property is available for both sale and lease, offering flexibility to suit various business needs. The building's excellent condition and strategic location make it a highly desirable asset in the competitive Southfield market. Situated south of 10 Mile Road on Greenfield Road, this property offers easy access and high visibility. The property is move-in ready, eliminating the need for extensive pre-occupancy renovations.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $440,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $360,000
- 6.5%
- $380,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $340,000
- Geo Method
- $410,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $430,000
- Retail
- $350,000
- Mixed-Use
- $450,000
- Hospitality
- $450,000
- Educational
- $435,000
- Residential Income
- $445,000
- Energy
- $400,000
- Income-Based Land
- $465,000
- Food Service
- $440,000
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2021
- Latitude
- 42.4723
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA