31780 Telegraph RdBingham Farms, MI 48025

Property Details for 31780 Telegraph Rd

Year built

1984

Lot size

2.74 AC

Property size (Sq ft)

30,270 SF

Zone code

BI

Property type

Office buildings

APN

TB-24-05-426-008

APU

TB2405426008

Description

This exceptional Class B office building, situated on a 2.74-acre lot in Southfield's desirable submarket, offers a prime opportunity for businesses seeking flexible and prestigious space. Built in 1986, the property boasts a total of 30,654 square feet, with a significant amount currently vacant (29,034 sq ft). Units are available in sizes ranging from a minimum of 3,948 square feet up to the entire building's 30,654 square feet. The building's convenient location provides excellent access to major thoroughfares including Telegraph Road, Northwestern Highway, and I-696, ensuring easy commutes for employees and clients. The property features ample parking with a ratio of 4.5 spaces per 1000 square feet. Ideal for a variety of office users, including legal and accounting firms, this building offers prominent monument signage on Telegraph Road, enhancing visibility and brand recognition. The multiple tenancy structure allows for flexibility in lease terms and space configuration. This is a rare opportunity to secure a substantial and well-located office space in a thriving Oakland County market.

• CAP approach

  CAP return

  Valuation

  6%

  $5,181,859

  6.5%

  $4,783,254

  7%

  $4,441,594

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,831,456

  Geo Method

  $2,831,456

• Alternative Use

  Use

  Valuation

  Residential

  $5,931,236

  Hospitality

  $5,432,980

  Educational

  $4,520,176

  Medical

  $4,675,631

  Retail

  $7,031,384

Location Insight

City

Bingham Farms

County

Oakland

State

Michigan

Latitude

42.5215

Longitude

-83.2848

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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