21751 11 Mile RdSouthfield, MI 48076

Property Details for 21751 11 Mile Rd

Year built

1967

Lot size

1.09 AC

Property size (Sq ft)

17,652 SF

Zone code

OS

Property type

Healthcare properties

Property subtype

Medical offices

APN

76-24-22-101-013

APU

762422101013

Description

This exceptional investment opportunity presents a portfolio of five office buildings totaling 31,189 square feet, ideally situated in Southfield, Michigan. The property, located at 21681, 21701, 21721, and 21751 West Eleven Mile Road, is zoned OS - Office Services and sits on a 2.81-acre lot. The buildings, constructed in 1967, feature a two-story design and boast a diverse range of sizes, including one building of 17,652 square feet, another of 1,464 square feet, a third of 3,945 square feet, and a fourth of 8,128 square feet. The property is served by city water and sewer. This multi-building portfolio is perfect for investors seeking a diverse range of income streams or a large-scale office presence in a highly desirable location. The asking price for this exceptional Southfield, MI property is $3,250,000, representing a price per square foot of $104.20. The property's location in Oakland County offers excellent access to major transportation routes and amenities. Detailed building plans and further information are available upon request. This is a rare opportunity to acquire a substantial office portfolio in a thriving market. The property's diverse building sizes offer flexibility for a variety of tenants or uses. The parcel numbers are 24-22-101-013; 011; 015; 016.

• CAP approach

  CAP return

  Valuation

  6%

  $3,021,810

  6.5%

  $2,789,363

  7%

  $2,590,122

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,651,168

  Geo Method

  $1,651,168

• Alternative Use

  Use

  Valuation

  Residential

  $3,458,810

  Hospitality

  $3,168,251

  Educational

  $2,635,948

  Medical

  $2,726,602

  Retail

  $4,100,363

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.4865

Longitude

-83.2593

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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