27200 11 Mile RdSouthfield, MI 48034

Property Details for 27200 11 Mile Rd

Year built

1984

Lot size

12.87 AC

Property size (Sq ft)

576,584 SF

Zone code

RC

Property type

Office buildings

APN

76-24-18-351-017

APU

762418351017

Description

This exceptional 12-story, Class A office building, located at 27200 W Eleven Mile Rd in Southfield, Michigan, offers a rare opportunity to lease executive office space. Built in 1989 and extensively renovated in 2020, the property boasts 304,507 square feet of total space, currently entirely vacant and available for lease. The building is zoned RC and sits on a generous 8.84-acre lot. Flexible floor plans allow for spaces ranging from a minimum of 15,365 square feet to a maximum contiguous space of 37,752 square feet, catering to a variety of business needs. With ample parking for 500 vehicles, tenant and client convenience is ensured. The property's prime location in Southfield, Oakland County (APN 24-18-351-017, zip code 48034) provides excellent access to major transportation routes and a thriving business community. This is an unparalleled opportunity to secure a prestigious and modern office space in a highly desirable location. The building's modern amenities and recent renovations offer a sophisticated and efficient work environment. Contact us today to learn more about leasing options and explore the possibilities of establishing your business in this exceptional Southfield property.

• CAP approach

  CAP return

  Valuation

  6%

  $98,704,224

  6.5%

  $91,111,592

  7%

  $84,603,624

• Comparable approach

  Method

  Valuation

  Relative Method

  $53,933,668

  Geo Method

  $53,933,668

• Alternative Use

  Use

  Valuation

  Residential

  $112,978,376

  Hospitality

  $103,487,584

  Educational

  $86,100,456

  Medical

  $89,061,584

  Retail

  $133,934,040

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.4869

Longitude

-83.3121

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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