1877-1899 Orch Lk RdBloomfield Hills, MI 48302

Property Details for 1877-1899 Orch Lk Rd

Year built

1971

Property size (Sq ft)

17,920 SF

Property type

Office properties

Description

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.

Location Insight

City

Bloomfield Hills

County

Oakland

State

Michigan

Latitude

42.5806

Longitude

-83.3041

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