555 Old Woodward AveBirmingham, MI 48009

Property Details for 555 Old Woodward Ave

Year built

1978

Lot size

1.06 AC

Property size (Sq ft)

245,740 SF

Zone code

BI

Property type

Retail space

APN

08-19-36-210-001

APU

81936210001

Description

This exceptional commercial property at 555 S. Old Woodward Avenue in Birmingham, Michigan, offers a diverse range of office spaces ideal for various business needs. Located in the desirable Birmingham Area of Oakland County, this 70,783 square foot building provides a multitude of options for tenants. The property is classified as Retail and Office, with available space ranging from a minimum of 1,800 square feet to a maximum contiguous space of 10,270 square feet. Currently, 10,270 square feet is immediately available for lease. The building's versatile design accommodates a variety of office styles, including Traditional Office, Executive Office, Medical Office, and Creative Office spaces. Multiple tenancies are available, making it suitable for businesses of all sizes. The property's address is 555 S Old Woodward Ave, Birmingham, MI 48009. Its prime location within the Birmingham Area offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prestigious address in a thriving community. The building's size and layout provide flexibility for businesses seeking to expand or downsize their operations. Interested parties are encouraged to inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $61,839,556

  6.5%

  $57,082,664

  7%

  $53,005,332

• Comparable approach

  Method

  Valuation

  Relative Method

  $57,926,028

  Geo Method

  $57,926,028

• Alternative Use

  Use

  Valuation

  Residential

  $48,151,364

  Hospitality

  $44,106,392

  Educational

  $36,696,000

  Medical

  $37,958,032

  Retail

  $57,082,664

Location Insight

City

Birmingham

County

Oakland

State

Michigan

Latitude

42.5431

Longitude

-83.2102

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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