24768 Lahser Rd, Southfield, MI 48033-6004

This exceptional two-story executive office building, located at 24768 Lahser Rd in Southfield, Michigan, presents a compelling investment opportunity. The 5,500 square foot building sits on a one-acre lot and boasts a strong 93% occupancy rate with five stabilized tenants. The current asking price is $375,000, translating to a desirable $68.18 per square foot. The property enjoys a healthy net operating income (NOI) of $40,000, yielding a 10.67% capitalization rate. Recent capital improvements include a new exterior paint job, roof replacement, and HVAC upgrades, minimizing immediate maintenance needs. Leases are all under five years, ensuring long-term stability. The building features a split-level design with four suites, and there's potential for an owner-user to occupy approximately 1,200 square feet of currently available space. Conveniently located 1.5 miles from I-696 and M-10 Lodge freeways, this easy-to-manage property offers significant upside potential for investors seeking a stabilized, high-return investment in the thriving Southfield market. The property's zip code is 48033, and it's situated in Oakland County.