21380 Telegraph Rd Southfield, MI 48033-4217
- Showrooms
- 14,140 SF
- 1.75 lot acres
Current Use by Public Records
- Anso Office Furniture Inc / Used Furniture Store / Furniture Store
- Anso Office Products / Office Furniture Store
Property Details for 21380 Telegraph Rd
- Year built
- 1963
- Lot size
- 1.75 lot acres
- Property size
- 14,140 SF
- Zone code
- I-1
- Property type
- Showrooms
- APN
- 76-24-33-301-004
- APU
- 762433301004
Description
This exceptional Southfield, MI retail property, located at 21380 Telegraph Rd, offers 14,315 square feet on a NNN lease for $10.50/SF/year. The building, constructed in 1963, boasts I-1 zoning, permitting diverse industrial and commercial uses. Its prime location at the crossroads of Telegraph and Eight Mile Roads provides exceptional visibility, with 54,605 vehicles passing daily on Telegraph Road. The property features 104 feet of frontage, ample parking (30 spaces), and a dock well for convenient loading. The roof is in good condition, and the building benefits from high-voltage power. Its strategic location offers easy access to I-96 and I-696, and is within 30 minutes of Detroit Metropolitan Wayne County Airport. Across the street from Lear Corp., this property presents a compelling investment opportunity for a wide range of businesses. This is a rare chance to acquire a well-located, versatile commercial space in a thriving area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $875,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $790,000
- 6.5%
- $790,000
- 7%
- $795,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $915,000
- Geo Method
- $910,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $725,000
- Retail
- $830,000
- Mixed-Use
- $1,010,000
- Hospitality
- $900,000
- Educational
- $725,000
- Residential Income
- $840,000
- Energy
- $725,000
- Income-Based Land
- $890,000
- Food Service
- $880,000
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2765
- Latitude
- 42.449
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
