24423 Southfield Rd Southfield, MI 48075-2864

Property Details for 24423 Southfield Rd

Year built

1955

Lot size

0.66 lot acres

Zone code

OS

Property type

Commercial real estate

APN

76-24-26-278-024

APU

762426278024

Description

This exceptional executive office building, located at 24423 Southfield Road in Southfield, Michigan, presents a compelling investment opportunity. The 5,366 square foot building, constructed in 1955 and extensively renovated in 2015, boasts a prime location with excellent visibility on Southfield Road. Currently configured as two office suites with 50% occupancy, the property offers immediate income potential and significant upside. The 0.66-acre lot provides ample parking for tenants and visitors. The building is zoned OS (Office Services), ensuring flexibility for a variety of professional uses. Its strategic location offers convenient access to major thoroughfares, including M-10 and the Southfield Expressway, providing easy commutes for employees and clients. The 2015 renovation ensures modern amenities and functionality, while the building's solid history suggests a strong track record of performance. This property is priced at $589,000 and represents a rare chance to acquire a well-maintained, strategically located office building in the thriving Southfield market. The property's size, location, and recent renovations make it an ideal investment for both seasoned and emerging investors seeking a strong return on investment. The building's current occupancy provides immediate cash flow, while the potential for increased occupancy offers further growth opportunities. This is a turnkey opportunity to acquire a valuable asset in a highly desirable location. The Oakland County address and 48075 zip code further solidify its position within a robust commercial district.