401 Old Woodward AveBirmingham, MI 48009

Property Details for 401 Old Woodward Ave

Year built

1981

Lot size

1.67 AC

Property size (Sq ft)

236,140 SF

Zone code

BI

Property type

Retail properties

Property subtype

Parking lots & garages

APN

08-19-36-208-017

APU

81936208017

Description

Birmingham Place, located at 401 S Old Woodward Ave, Birmingham, MI 48009, offers a unique opportunity to lease exceptional office space within a landmark mixed-use building. This Traditional, Executive, and Creative Office space totals 108,753 square feet and is situated in the vibrant heart of Birmingham, Michigan, offering unparalleled access to upscale retail, acclaimed restaurants, and prominent hotels. The property boasts a striking two-story atrium lobby and a beautifully landscaped courtyard terrace, creating an inviting and sophisticated atmosphere. Currently, one space of 2,823 square feet is available for lease within this multiple-tenancy building. The building's prime location places it directly across the street from the new Restoration Hardware development, ensuring high visibility and proximity to a thriving commercial district. Birmingham Place is home to a collection of top-tier retail and office tenants, reflecting the building's prestigious address and desirable location within Oakland County. This is an exceptional opportunity to establish a presence in one of Michigan's most sought-after business addresses. The property is classified as Retail and Office, offering a blend of commercial uses within a single, well-maintained building.

• CAP approach

  CAP return

  Valuation

  6%

  $59,423,752

  6.5%

  $54,852,692

  7%

  $50,934,644

• Comparable approach

  Method

  Valuation

  Relative Method

  $55,663,108

  Geo Method

  $55,663,108

• Alternative Use

  Use

  Valuation

  Residential

  $46,270,300

  Hospitality

  $42,383,344

  Educational

  $35,262,444

  Medical

  $36,475,176

  Retail

  $54,852,692

Location Insight

City

Birmingham

County

Oakland

State

Michigan

Latitude

42.5443

Longitude

-83.2111

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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