16641 Southfield Rd, Allen Park, MI 48101-2551
This exceptional executive office building, located at 16641 Southfield Road in Allen Park, Michigan, presents a unique investment opportunity. The 2,050 square foot building, constructed in 1957 and renovated in 1998, is classified as a Class B property and sits on a 0.25-acre lot. The property boasts eight parking spaces, a significant advantage given its high-traffic location. The building features a fully finished basement and a convenient 2.5-car garage, adding considerable value and utility. The property is zoned RO and its APN is 30-023-01-0338-000. The asking price is $225,000, translating to $110 per square foot. This property benefits from its strategic location, experiencing over 100,000 vehicles (two-way traffic) daily, and enjoys close proximity to major thoroughfares like I-94 and I-75, as well as the Detroit Metropolitan Airport. The building is in move-in condition, making it an ideal opportunity for immediate occupancy. This is a rare chance to acquire a well-maintained, conveniently located executive office building in a thriving area. The property is available immediately. The zip code is 48101, and the property is situated in Wayne County.
-
Metal Building Contractors Inc Construction Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RO · Allen Park, MIAllen Park. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.