2050 Telegraph RdBloomfield Hills, MI 48302

Property Details for 2050 Telegraph Rd

Year built

2008

Lot size

4.00 AC

Property size (Sq ft)

44,372 SF

Zone code

BI

Property type

Retail properties

Property subtype

Other individual retail properties

APN

C -19-05-351-079

APU

C1905351079

Description

This exceptional 44,372 square foot big box retail space presents a rare investment opportunity in the thriving Bloomfield market. Formerly occupied by an LA Fitness, this two-story building boasts a wealth of existing features ideal for a variety of uses. Situated on a four-acre lot, the property enjoys a highly visible location north of Square Lake Road, directly across from a Costco and the Henry Ford Medical Center, and adjacent to Carl's Golfland. The building's strategic placement along heavily trafficked Telegraph Road ensures maximum exposure to potential customers. The interior features include a basketball court, swimming pool, racquetball courts, and a daycare center, offering significant potential for adaptive reuse. Built in 2003, the single-tenant building is entirely vacant, providing a blank canvas for a new business. The B-3 General Business zoning allows for a wide range of commercial uses, as detailed in the attached zoning ordinance. This property offers unparalleled visibility, accessibility, and flexibility, making it an exceptional opportunity for a discerning investor or business owner seeking a prominent presence in a high-demand area. The substantial square footage and existing amenities provide a unique advantage in the competitive retail landscape. Don't miss this chance to acquire a truly remarkable commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $11,166,048

  6.5%

  $10,307,122

  7%

  $9,570,899

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,459,403

  Geo Method

  $10,459,403

• Alternative Use

  Use

  Valuation

  Residential

  $8,694,443

  Hospitality

  $7,964,063

  Educational

  $6,626,006

  Medical

  $6,853,886

  Retail

  $10,307,122

Location Insight

City

Bloomfield Hills

County

Oakland

State

Michigan

Latitude

42.6086

Longitude

-83.3021

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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