Property profile

26060 Southfield Rd Lathrup Village, MI 48076

FOR SALE
Office buildings
Property ID
US43-1346811
9,701 SF 0.65 ac lot Built 1966
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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26060 Southfield Rd, Lathrup Village, MI 48076 For Sale
Contact for pricing 9,701 SF
26060 Southfield Rd, Lathrup Village, MI 48076
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Property summary

AI-generated overview

This exceptional multi-tenant office building, located at 26060 Southfield Road in Lathrup Village, Michigan, presents a unique investment opportunity. The 15,492 square foot building, constructed in 1966 and renovated in 2000, is classified as Class C and sits on a 0.65-acre lot. The property offers a net rentable area of 5,733 square feet, currently available for lease or sale. Suites ranging from 2,553 to 5,733 square feet are available, each with convenient direct parking lot access. The building is ideally situated with direct access to Southfield Road, providing immediate access to major thoroughfares including I-696, I-75, and M-10. This prime location offers exceptional visibility and convenient access to numerous retail amenities and dining options. The property is under new ownership and professional management, ensuring a smooth and efficient experience for tenants. The building is suitable for a variety of uses, including medical, professional office, or retail spaces. With ample parking (2.01 spaces), this property offers a compelling combination of location, size, and functionality. The building's zoning and specific lease terms are available upon request. This is an excellent opportunity to secure a well-located and versatile office space in a thriving area.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1966
Total area 9,701 SF
Lot 0.65 ac (28,314 SF)
Zoning code BI
APN 40-24-24-154-001
UPID US43-1346811

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

26060 Southfield Rd Lathrup Village, MI 48076
Lathrup Village metro Census 160000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$390k

Owner & transaction history

since 2023
6 recorded transactions
2023
Price N/A
2019
Price N/A
2002
$1.3M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BI · Lathrup Village, MI
Top alternative use upside
Auto repair, garage $1.2M +14.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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