40700 Woodward AveBloomfield Hills, MI 48304

Property Details for 40700 Woodward Ave

Year built

1966

Lot size

0.81 AC

Property size (Sq ft)

20,912 SF

Zone code

BI

Property type

Office properties

Property subtype

Office buildings

APN

12-19-14-151-005

APU

121914151005

Description

This exceptional single-story office building, located at 40700 Woodward Avenue in Bloomfield Hills, Michigan, offers a unique blend of medical and creative office spaces. Built in 1966 and extensively renovated in 2012, the 32,000 square foot building boasts a prime location in Oakland County (APN 19-14-151-005) and features ample parking with 120 spaces. Currently, there are 15,042 square feet of vacant space available, offering flexible lease options for businesses seeking suites of up to 12,000 square feet. The property's versatile design caters to a variety of tenants, making it ideal for both medical practices and creative agencies. Its convenient location on Woodward Avenue provides excellent visibility and accessibility. The building's modern amenities, combined with its rich history, create a unique and desirable workspace. This is a fantastic opportunity to secure prime office space in a thriving Bloomfield Hills community, with easy access to major transportation routes and a wealth of local amenities. The property is zoned for multiple tenants and offers a blend of traditional, medical, and creative office space. Don't miss this chance to establish your business in this well-maintained and strategically located building.

• CAP approach

  CAP return

  Valuation

  6%

  $3,579,882

  6.5%

  $3,304,507

  7%

  $3,068,470

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,956,108

  Geo Method

  $1,956,108

• Alternative Use

  Use

  Valuation

  Residential

  $4,097,588

  Hospitality

  $3,753,369

  Educational

  $3,122,759

  Medical

  $3,230,155

  Retail

  $4,857,625

Location Insight

City

Bloomfield Hills

County

Oakland

State

Michigan

Latitude

42.585

Longitude

-83.2455

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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