25625 Southfield RdSouthfield, MI 48075

Property Details for 25625 Southfield Rd

Year built

1967

Lot size

0.39 AC

Property size (Sq ft)

10,872 SF

Zone code

OS

Property type

Office properties

Property subtype

Office buildings

APN

76-24-23-431-022

APU

762423431022

Description

This exceptional two-story, 11,000 square foot executive office building presents a compelling investment opportunity in the thriving Southfield, Michigan market. Located at 25625 Southfield Road, this Class C property boasts a prime location with over 67,000 vehicles passing daily, ensuring high visibility and accessibility. Built in 1967, the building is situated on a 0.39-acre lot and features a multi-tenant configuration, providing diverse income streams. The asking price is $825,000, translating to a price per square foot of $75. The property benefits from a recently updated roof and mechanical systems, minimizing future maintenance concerns. Ample parking is available, with a generous ratio of 3.1 spaces per 1,000 square feet. The building is zoned B1, offering flexibility for various commercial uses. Financial details are available upon request. This property represents a strong investment in a high-traffic area with a solid foundation for continued success. The property's APN is 24-23-431-022. This is a rare opportunity to acquire a well-maintained multi-tenant office building in a desirable Southfield location. Don't miss out on this chance to own a piece of Southfield's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,861,155

  6.5%

  $1,717,990

  7%

  $1,595,276

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,016,967

  Geo Method

  $1,016,967

• Alternative Use

  Use

  Valuation

  Residential

  $2,130,307

  Hospitality

  $1,951,350

  Educational

  $1,623,500

  Medical

  $1,679,335

  Retail

  $2,525,444

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.4782

Longitude

-83.222

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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