17600 Northland Park CtSouthfield, MI 48075

Property Details for 17600 Northland Park Ct

Year built

1967

Lot size

0.81 AC

Property size (Sq ft)

12,600 SF

Zone code

ERO

Property type

Office properties

Property subtype

Office buildings

APN

76-24-36-353-024

APU

762436353024

Description

This exceptional 12,600 square foot executive office building presents a compelling investment opportunity in Southfield, Michigan. Located at 17600 Northland Park Ct, this two-story property, built in 1967, sits on a 0.81-acre lot and boasts ample parking, with a ratio of 5.15 spaces per 1,000 square feet. The building is zoned ERO (Education Research/Office), offering flexibility for a variety of uses. The asking price is $595,000, translating to a price per square foot of $47.22. Its convenient location off the Southfield Freeway provides excellent accessibility. The property's substantial size and prime location make it ideal for an owner-user seeking a significant presence in the Southfield market. The seller is motivated, presenting a unique chance to acquire a well-established office building in a thriving area. The property's assessed parcel number (APN) is 24-36-353-024. This is a rare opportunity to acquire a substantial office space in a desirable location. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $2,246,671

  6.5%

  $2,073,850

  7%

  $1,925,718

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,178,604

  Geo Method

  $1,178,604

• Alternative Use

  Use

  Valuation

  Residential

  $2,571,574

  Hospitality

  $2,355,548

  Educational

  $1,959,789

  Medical

  $2,027,189

  Retail

  $3,048,560

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.4458

Longitude

-83.2167

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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