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    FOR SALE
    Office buildings

    325 N Old Woodward Ave, Birmingham, MI 48009

    111,030 SF 0.97 ac lot Built 2005
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1139881
    Property summary
    AI-generated overview

    The Peabody Mansion, located at 325 S Old Woodward Ave in Birmingham, Michigan, presents a unique opportunity for businesses seeking sophisticated office space. This historic building, constructed in 1878 and extensively renovated in 2019, offers a total of 11,500 square feet across four stories. The property is comprised of a single building and is situated in Oakland County (APN 1936208015). Currently, there are two available spaces ranging from 3,000 to 6,000 square feet, ideal for a variety of uses including coworking, creative office spaces, or executive offices. The building's multiple tenancy structure allows for flexibility and adaptability to suit diverse business needs. Its prime location in Birmingham, Michigan (zip code 48009) provides excellent access to amenities and a thriving business community. This meticulously restored property seamlessly blends historical charm with modern functionality, creating an exceptional work environment. The property's blend of classic architecture and contemporary updates offers a truly unique and inspiring setting for any business. This is an exceptional opportunity to secure prestigious office space in a highly desirable location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2005
    Total area 111,030 SF
    Lot 0.97 ac (42,253 SF)
    Zoning code BI
    APN 08-19-25-376-099
    UPID US43-1139881
    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
    $18.51M
    Blend (final) Blend
    $16.87M
    Owner & transaction history
    325 Owner LLC · 4 yrs held
    325 Owner LLC
    since 2022
    7 recorded transactions
    2023
    2022
    2018
    2014
    2008
    1969
    1969
    Zoning & alternative use
    BI · Birmingham, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $19.6M +50.2%
    Restaurant $19.2M +47.6%
    Retail stores $18.7M +43.9%
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    More about this property
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