11255 Hall Rd Utica, MI 48317
- Office buildings
- 3,878 SF
- 0.31 lot acres
Current Use by Public Records
- Office buildings
Property Details for 11255 Hall Rd
- Year built
- 1964
- Lot size
- 0.31 lot acres
- Property size
- 3,878 SF
- Zone code
- C-2
- Property type
- Office buildings
- APN
- 11-07-34-458-003
- APU
- 110734458003
Description
This meticulously maintained, two-story Class C office building, situated at 11255 Hall Road in Utica, Michigan, presents a unique opportunity for businesses seeking executive office space. Built in 1964 and renovated in 2008, the property boasts 3,878 total square feet on a 0.31-acre lot, conveniently located near the intersection of Hall Road and M-53. The building features 21 parking spaces and an elevator for easy access. Currently, there are two available suites: one measuring 210.5 square feet and another at 108 square feet, with a minimum divisible space of 108 square feet. The building is zoned C-2 and offers multiple tenancy options. Utilities, including gas and electric, are included in the lease rate. The property's convenient location and included utilities make it an attractive option for professionals seeking efficient and cost-effective office space. The Macomb County location provides easy access to major thoroughfares and surrounding amenities. This is an excellent opportunity to establish a presence in a thriving business community. The property's APN is 11-07-34-458-003.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $365,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $340,000
- 6.5%
- $350,000
- 7%
- $310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $320,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $315,000
- Mixed-Use
- $315,000
- Hospitality
- $395,000
- Educational
- $400,000
- Residential Income
- $340,000
- Energy
- $360,000
- Income-Based Land
- $360,000
- Food Service
- $380,000
Location Insight
- Map
- Local Demand
- City
- Utica
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0185
- Latitude
- 42.6265
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA