27350 11 Mile RdSouthfield, MI 48033

Property Details for 27350 11 Mile Rd

Year built

1986

Lot size

8.80 AC

Property size (Sq ft)

150,510 SF

Zone code

RC

Property type

Office buildings

APN

76-24-18-351-007

APU

762418351007

Description

This exceptional 10-story office building, located at 27350 W Eleven Mile Rd in Southfield, Michigan, offers 159,207 square feet of prime office space currently available for lease. Built in 1985 and extensively renovated in 2020, the property boasts a contemporary design suitable for executive or creative office tenants. The building sits on a generous 10-acre lot and provides ample parking with 800 spaces. The building features multiple elevators for convenient access to all floors. The zoning is classified as RC. The property's address is 27350 W Eleven Mile Rd, Southfield, MI 48033, and its Oakland County APN is 24-18-351-007. The building is ideal for businesses seeking a modern, well-maintained workspace in a desirable Southfield location. The entire building is currently vacant, presenting a unique opportunity for a single tenant or multiple tenants to occupy this impressive space. The building's modern amenities and substantial size make it an attractive option for a variety of businesses. The property offers a blend of functionality and style, making it a highly sought-after location in the Southfield market. This is a rare opportunity to secure a significant amount of high-quality office space in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $25,765,496

  6.5%

  $23,783,536

  7%

  $22,084,712

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,078,705

  Geo Method

  $14,078,705

• Alternative Use

  Use

  Valuation

  Residential

  $29,491,584

  Hospitality

  $27,014,132

  Educational

  $22,475,442

  Medical

  $23,248,406

  Retail

  $34,961,796

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.4866

Longitude

-83.316

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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