24293 Telegraph RdSouthfield, MI 48034

Property Details for 24293 Telegraph Rd

Year built

1962

Lot size

2.46 AC

Property size (Sq ft)

49,969 SF

Zone code

I-1

Property type

Office properties

Property subtype

Office buildings

APN

76-24-29-276-040

APU

762429276040

Description

This exceptional two-story executive office building, located at 24293 Telegraph Road in Southfield, Michigan, offers a prime opportunity for businesses seeking flexible and modern workspace. Built in 1970 and extensively renovated in 2000, the building boasts a total of 43,000 square feet, with 13,099 square feet currently vacant and available for lease. The property is situated in Oakland County and features multiple tenancy options, catering to a variety of business needs. Spaces range from a minimum of 2,777 square feet to a maximum contiguous space of 10,322 square feet, providing ample room for expansion or consolidation. The building's strategic location in Southfield offers easy access to major transportation routes, ensuring convenient commutes for employees and clients. This well-maintained property presents a unique opportunity to establish a thriving business presence in a desirable and established commercial area. The building's modern amenities and flexible space options make it an ideal choice for companies seeking a professional and efficient work environment. Interested parties are encouraged to inquire about available space and lease terms. The property's address is 24293 Telegraph Road, Southfield, MI 48034.

• CAP approach

  CAP return

  Valuation

  6%

  $8,554,090

  6.5%

  $7,896,083

  7%

  $7,332,078

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,674,100

  Geo Method

  $4,674,100

• Alternative Use

  Use

  Valuation

  Residential

  $9,791,143

  Hospitality

  $8,968,635

  Educational

  $7,461,798

  Medical

  $7,718,422

  Retail

  $11,607,242

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.4664

Longitude

-83.2803

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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