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Financial
Distress signals
Property profile

24725 12th Mile Rd Southfield, MI 48034

OFF-MARKET
Office buildings
Property ID
US43-1468316
109,045 SF 5.64 ac lot Built 1984
Last sale Feb 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A three-story brick office building with 104,000 square feet of total space, including suites ranging from approximately 996 to 37,000 square feet. The property has undergone recent interior and exterior renovations and includes a backup building generator. It is located just off I-696 and Telegraph Road in Southfield, providing access to I-696, M-10, Northwestern Highway, and Telegraph Road. The building is designed to support professional office use, with provisions for flexible tenant occupancy within the available suite sizes.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$164k
Tax billed · 2022
Assessed value$2.65M
Assessed land$354k
Assessed improvement$2.29M
Effective rate6.22%

Value estimate

· Oct 2026
$3.73M
$3.35M – $4.10M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$79/SF
Submarket average, outlier-cleaned · 64 recorded sales of this use type
Observed band · Q1–Q3$44 – $114

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
OS
Theoffice-service district (O-S) is designed to accommodate various types ofofficeuses performing administrative, professional and person...
General categoryUNKNOWN
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply22.5
Wholesale Shop15.6
Garden Center14.1

Location

24725 12th Mile Rd Southfield, MI 48034-1801
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
27400 Northwestern, Southfield, MI 48034-4724 $2,200,000 Nov 2022 125,000 SF
29792 Telegraph, Southfield, MI 48034-7670 $717,500 May 2021 8,912 SF
28819 Franklin, Southfield, MI 48034-5520 $3,200,000 Apr 2019 32,416 SF
28444 Franklin, Southfield, MI 48034-5504 $560,000 Feb 2019 7,200 SF
28382 Franklin, Southfield, MI 48034-5503 $600,000 Dec 2018 7,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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