17000 10 Mile RdSouthfield, MI 48075

Property Details for 17000 10 Mile Rd

Year built

1968

Lot size

0.76 AC

Property size (Sq ft)

16,946 SF

Zone code

OS

Property type

Office properties

Property subtype

Office buildings

APN

76-24-24-379-035

APU

762424379035

Description

This exceptional 16,950 square foot, two-story office building in Southfield, Michigan, presents a compelling redevelopment opportunity for both end-users and investors. Located at 17000 W Ten Mile Road, this property boasts a desirable location with easy access to Lodge Freeway and I-696. The building, constructed in 1968 and extensively renovated in 2000 and 2015, features an attractive white brick and reflective glass exterior, a two-story entry lobby, and a full basement. An elevator services both floors. The interior is in immaculate condition, having undergone a complete renovation. Exterior painting was completed in 2024. The property includes 60 parking spaces, abundant for tenants and visitors. The building is currently owner-occupied and is highly divisible, making it suitable for multiple owners or multi-tenant use. Prominent building signage on Ten Mile Road ensures high visibility. Furniture is available for purchase. The property sits on a 0.76-acre lot and is zoned OS. The asking price is $1,650,000, translating to $97.35 per square foot. This is a rare opportunity to acquire a well-maintained, strategically located office building in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,018,144

  6.5%

  $2,785,979

  7%

  $2,586,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,585,129

  Geo Method

  $1,585,129

• Alternative Use

  Use

  Valuation

  Residential

  $3,454,614

  Hospitality

  $3,164,408

  Educational

  $2,632,750

  Medical

  $2,723,294

  Retail

  $4,095,389

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.4739

Longitude

-83.2133

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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