For Sale
$2,700,000

24450 Evergreen Rd Southfield, MI 48075

Prime Redevelopment Opportunity, 5 Acres

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 33,600 square foot office building, situated on a 5.39-acre lot in Southfield, Michigan, presents a compelling investment opportunity. The property, built in 1971 and renovated in 1995, is classified as Class C and currently operates as a multi-tenant executive office space with a net lease structure. The building offers 5,000 square feet of net rentable space, priced at $80.36 per square foot, with an asking price of $2,700,000. The property boasts ample parking, providing 4.3 spaces per 1,000 square feet. Its (OS) Office Service zoning designation opens doors to diverse redevelopment possibilities. A significant advantage is the inclusion of an undeveloped 3.59-acre parcel adjacent to the existing office building, further enhancing its potential. This owner/user opportunity is ideally located in the heart of Southfield, MI, at 24450 Evergreen Rd, zip code 48075, within Oakland County. The substantial lot size and existing building structure provide a unique blend of immediate income potential and long-term development prospects. This is a rare chance to acquire a significant property in a thriving Michigan market.

Highlights

  • 33,600 SF office building on a 5.39-acre lot in Southfield, MI.
  • Class C multi-tenant office building with a net lease structure.
  • 5,000 SF currently available at $80.36/SF, asking price $2,700,000.
  • Ample parking (4.3 spaces per 1,000 SF).
  • OS zoning allows for redevelopment.
  • Includes a 3.59-acre undeveloped adjacent parcel.

Property Details for 24450 Evergreen Rd

Property type
Office properties
Square Feet
33,600 SF
Class
C
Year Built/Renovated
1971/1995
Lot Size (sq. ft)
234,788 SF

Location Insight

City
Southfield
County
Oakland
State
Michigan
Latitude
42.4681775
Longitude
-83.2394761

FAQs

What type of property is this?
Office property - Prime Redevelopment Opportunity, 5 Acres
Where is the office property located?
The property is located at 24450 Evergreen Rd Southfield, MI.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 33,600 SF office building on a 5.39-acre lot in Southfield, MI.; Class C multi-tenant office building with a net lease structure.; 5,000 SF currently available at $80.36/SF, asking price $2,700,000.
How can I contact the broker?
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24450 Evergreen Rd
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