For Sale
$1,750,000

1877-1899 Orch Lk Rd Bloomfield Hills, MI 48302

High-yield office buildings, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents two Class B executive office buildings totaling 17,920 square feet, situated at 1877-1899 Orchard Lake Road in Bloomfield Hills, Michigan, 48302. Built in 1971, this multi-tenant property boasts a remarkable 95% occupancy rate, generating approximately $150,000 in annual rental income. Each building offers 8,960 square feet of well-maintained professional office space. The asking price is $1,750,000, representing a compelling $97.65 per square foot and a 3.50% capitalization rate. The property benefits from convenient access to Telegraph Road and I-75, enhancing its appeal to tenants. Significant improvements include new underground and above-grade parking, ensuring ample parking for tenants and visitors. This property is ideal for both owner-users and investors seeking a stable, high-performing asset in a prime location. The property's strong occupancy and consistent rental income stream make it a particularly attractive investment opportunity in the competitive Bloomfield Hills market. The location offers easy access to major roadways and a thriving business community.

Highlights

  • Two 8,960 SF professional buildings.
  • 95% occupancy.
  • Excellent location, less than one mile from Telegraph Ave and minutes from I-75.
  • New parking (underground and surface).
  • Approx. $150,000 annual net operating income.

Property Details for 1877-1899 Orch Lk Rd

Property type
Office properties
Square Feet
17,920 SF
Class
B
Year Built
1971
Buildings
2

Location Insight

City
Bloomfield Hills
County
Oakland
State
Michigan
Latitude
42.5805638
Longitude
-83.3041061
1877-1899 Orch Lk Rd, Bloomfield Hills, Michigan

FAQs

What type of property is this?
Office property - High-yield office buildings, excellent location.
Where is the office property located?
The property is located at 1877-1899 Orch Lk Rd Bloomfield Hills, MI.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two 8,960 SF professional buildings.; 95% occupancy.; Excellent location, less than one mile from Telegraph Ave and minutes from I-75.
How can I contact the broker?
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1877-1899 Orch Lk Rd
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