350 Old Woodward AveBirmingham, MI 48009

Property Details for 350 Old Woodward Ave

Year built

1985

Lot size

0.28 AC

Property size (Sq ft)

20,494 SF

Zone code

BI

Property type

Office buildings

APN

08-19-25-379-022

APU

81925379022

Description

The Aikens Building, a prestigious Class A office building in downtown Birmingham, offers exceptional executive office space. Built in 1985 and extensively renovated in 2006, this three-story building boasts a total of 17,600 square feet. Currently, there are three suites available, with a minimum divisible space of 1,415 square feet and a maximum contiguous space of 6,191 square feet (a full floor). This presents a unique opportunity for businesses seeking flexible and upscale office accommodations. The building's convenient location provides easy access to a variety of amenities. On-site parking is available, supplemented by ample street parking and two nearby city garages. The Aikens Building's prime downtown location places tenants within walking distance of popular restaurants and businesses, including Market North End, Luxe, and Salvatore Scallopini. This exceptional property offers a blend of classic charm and modern functionality, making it an ideal location for discerning businesses seeking a prestigious address in the heart of Birmingham, Oakland County. The building's 6,191 square feet of vacant space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $3,508,326

  6.5%

  $3,238,454

  7%

  $3,007,136

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,917,009

  Geo Method

  $1,917,009

• Alternative Use

  Use

  Valuation

  Residential

  $4,015,684

  Hospitality

  $3,678,344

  Educational

  $3,060,340

  Medical

  $3,165,589

  Retail

  $4,760,528

Location Insight

City

Birmingham

County

Oakland

State

Michigan

Latitude

42.549

Longitude

-83.2159

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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