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    FOR SALE
    Office buildings

    26060 Southfield Rd, Lathrup Village, MI 48076

    9,701 SF 0.65 ac lot Built 1966
    Entity Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1346811
    26060 Southfield Rd, Lathrup Village, MI 48076 For Sale
    $1,300,000 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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.07M
    Blend (final) Blend
    $895k
    Owner & transaction history
    Ajl Ventures LLC · 3 yrs held
    Ajl Ventures LLC
    since 2023
    6 recorded transactions
    2023
    2019
    2002
    $1.3M
    1969
    1969
    1969
    Zoning & alternative use
    BI · Lathrup Village, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.2M +14.9%
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    More about this property
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