24450 Evergreen Rd Southfield, MI 48075-5518
This exceptional 33,600 square foot office building, situated on a 5.39-acre lot in Southfield, Michigan, presents a compelling investment opportunity. The property, built in 1971 and renovated in 1995, is classified as Class C and currently operates as a multi-tenant executive office space with a net lease structure. The building offers 5,000 square feet of net rentable space, priced at $80.36 per square foot, with an asking price of $2,700,000. The property boasts ample parking, providing 4.3 spaces per 1,000 square feet. Its (OS) Office Service zoning designation opens doors to diverse redevelopment possibilities. A significant advantage is the inclusion of an undeveloped 3.59-acre parcel adjacent to the existing office building, further enhancing its potential. This owner/user opportunity is ideally located in the heart of Southfield, MI, at 24450 Evergreen Rd, zip code 48075, within Oakland County. The substantial lot size and existing building structure provide a unique blend of immediate income potential and long-term development prospects. This is a rare chance to acquire a significant property in a thriving Michigan market.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
OS · Southfield, MISouthfield. 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.