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Property profile & analytics

20500 Civic Center Dr Southfield, MI 48076

  • Office buildings
  • 110,540 SF
  • 15.30 lot acres
For Sale
Last Sale
Aug 12, 2024
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-0076651
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

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Property Details for 20500 Civic Center Dr

Year built
1977
Lot size
15.30 lot acres
Property size
110,540 SF
Zone code
RC
Property type
Office buildings
APN
76-24-22-201-019
APU
762422201019

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $955,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Southfield
County
Oakland
State
Michigan
Longitude
-83.2476
Latitude
42.4811
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$378,069
$959,710
$4,913,750
$5,873,460
-
$1,919,420
$9,827,500
$11,746,920
More about this property
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