390 Park StBirmingham, MI 48009

Property Details for 390 Park St

Year built

1986

Lot size

0.27 AC

Property size (Sq ft)

41,423 SF

Zone code

BI

Property type

Retail properties

Property subtype

Parking lots & garages

APN

08-19-25-455-015

APU

81925455015

Description

This exceptional Class A office building, located at 390 Park Street in the heart of downtown Birmingham, Michigan, offers 5,388 square feet of immediately available space. The property is zoned B1 and situated in the desirable Birmingham Area submarket of Oakland County. Multiple tenancy options are available, with spaces ranging from a minimum of 1,342 square feet to a maximum contiguous space of 4,046 square feet. The entire 5,388 square foot building is currently vacant, presenting a unique opportunity for a single tenant or multiple occupants. On-site ownership and management ensure efficient operations and responsive service. Convenient on-site parking is provided, supplemented by additional deck parking directly across the street. This property represents a rare chance to secure prestigious office space in a vibrant downtown location with attractive lease terms. The building consists of one structure and is ideal for businesses seeking a high-profile address in a thriving community. Inquire today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $10,423,944

  6.5%

  $9,622,102

  7%

  $8,934,809

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,764,263

  Geo Method

  $9,764,263

• Alternative Use

  Use

  Valuation

  Residential

  $8,116,603

  Hospitality

  $7,434,764

  Educational

  $6,185,637

  Medical

  $6,398,370

  Retail

  $9,622,102

Location Insight

City

Birmingham

County

Oakland

State

Michigan

Latitude

42.5488

Longitude

-83.2131

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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