29255 Northwestern Hwy Southfield, MI 48034
- Medical offices
- 27,465 SF
- 2.00 lot acres
Current Use by Public Records
- David Cowin / Orthopedic Surgeon
- Millennium Medical and Surgical Foot Specialists / Podiatrist / Medical Clinic
- Meghan E. Anderson, DPT / Physical Therapist
- My Kid's Doc / Pediatrician
- 3D Body Sculpting & Aesthetics / Skin Care Clinic / Weight Loss Service
Property Details for 29255 Northwestern Hwy
- Year built
- 1979
- Lot size
- 2.00 lot acres
- Property size
- 27,465 SF
- Zone code
- B-3
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 76-24-07-351-074
- APU
- 762407351074
Description
This exceptional 27,300 square foot medical and creative office building, situated on a 1.99-acre lot in desirable Southfield, Michigan, presents a unique leasing opportunity. Built in 1983 and extensively renovated in 2004, the property boasts a prime location at 29255 Northwestern Hwy, 48034, with convenient access to major thoroughfares. Currently, 1,980 square feet of office space is available for lease within this multi-tenant building. The building offers ample parking with 165 spaces available for tenants and visitors. The property is zoned B-3, allowing for a variety of uses. The building's modern design caters to both medical and creative office tenants, offering a flexible and adaptable workspace. With its strategic location, substantial parking, and recent renovations, this property represents a compelling investment opportunity for businesses seeking a high-quality, well-maintained office space in a thriving Oakland County community. The property's APN is 24-07-351-074.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $730,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $790,000
- 6.5%
- $790,000
- 7%
- $735,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $770,000
- Geo Method
- $650,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $725,000
- Retail
- $660,000
- Mixed-Use
- $780,000
- Hospitality
- $775,000
- Educational
- $810,000
- Residential Income
- $655,000
- Energy
- $635,000
- Income-Based Land
- $805,000
- Food Service
- $620,000
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3133
- Latitude
- 42.5023
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
