Property summary
This bank-owned, vacant, 180,000 square foot Class B office building presents a unique investment opportunity in Southfield, Michigan. Located at 20500 Civic Center Drive, this four-story building, constructed in 1977, sits on a 15.3-acre lot and boasts 780 parking spaces. The property is zoned R-A and features a desirable park-like setting, complemented by an attractive atrium lobby, a commercial kitchen and café, and an employee recreation room. Its convenient location offers easy access to major highways and is surrounded by amenities including retail shops, hotels, and restaurants. The building's size and features make it ideal for a corporate headquarters or conversion into a multi-tenant property. This is a rare chance to acquire a substantial office building in a thriving commercial area, offering significant potential for redevelopment or immediate occupancy. The property's ample parking and attractive features make it a highly desirable location for businesses seeking a prestigious address in Southfield. The building's vacant status allows for complete customization to suit the needs of a new owner or tenant. This is a bank-owned foreclosure, presenting a compelling opportunity for investors. The property's APN is 24-22-201-019 and the zip code is 48076.
Property profile
VerifiedCap rate & NOI
Current use
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Business Service Center Corporate Office
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Physician
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Physician
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Pharmacy
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Electric Vehicle Charging Station
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The Regional Center District is intended to provide for the combining of high riseoffice, high rise multiple-family, and hotels and motels in a planned development and to provide for the combining of secondary retail and…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
RC · Southfield, MIThe Regional Center District is intended to provide for the combining of high riseoffice, high rise multiple-family, and hotels and motels in a planned development and to provide for the combining of secondary retail and…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The Regional Center District is intended to provide for the combining of high riseoffice, high rise multiple-family, and hotels and motels in a planned development and to provide for the combining of secondary retail and…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RC in Southfield, MI.
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