26776 12 Mile RdSouthfield, MI 48034

Property Details for 26776 12 Mile Rd

Year built

1980

Lot size

1.35 AC

Property size (Sq ft)

20,164 SF

Zone code

OS

Property type

Office properties

Property subtype

Office buildings

APN

76-24-07-351-110

APU

762407351110

Description

This exceptional two-story, 20,164 square foot executive office building in Southfield, Michigan, presents a compelling investment or owner-occupancy opportunity. Located at 26776 W 12 Mile Rd, this property boasts an attractive reflective glass and brick exterior, complemented by ample signage opportunities, including building signage and a monument ground sign. The building features a striking two-story atrium lobby and offers convenient access to major freeways, ideally positioned west of 12 Mile Road at Northwestern Highway. The 1.35-acre lot provides abundant parking, with approximately 100 spaces (a 4.6:1,000 sq ft ratio). Recent upgrades include a new parking lot and updated interior finishes. The building, constructed in 1980 and renovated in 2018, is suitable for office and medical uses. Up to 15,000 square feet is available for an end-user. The property's location benefits from the presence of retail and restaurants in the adjacent parking lot. The asking price is $2,295,000, translating to $113.82 per square foot. The property's APN is 24-07-351-110.

• CAP approach

  CAP return

  Valuation

  6%

  $3,451,834

  6.5%

  $3,186,308

  7%

  $2,958,714

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,886,140

  Geo Method

  $1,886,140

• Alternative Use

  Use

  Valuation

  Residential

  $3,951,022

  Hospitality

  $3,619,115

  Educational

  $3,011,061

  Medical

  $3,114,616

  Retail

  $4,683,872

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.5009

Longitude

-83.3122

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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