17070 12 Mile RdSouthfield, MI 48076

  • Healthcare properties
  • 11,024 SF
For Lease
$14/SF/YR View listing

Property Details for 17070 12 Mile Rd

Year built
1986
Lot size
1.02 AC
Property size (Sq ft)
11,024 SF
Zone code
OS
Property type
Healthcare properties
Property subtype
Medical offices
APN
76-24-12-376-021
APU
762412376021

Description

This exceptional single-story medical office building, located at 17070 W 12 Mile Rd in Southfield, Michigan, offers two available suites perfect for medical practices or related businesses. The building, constructed in 1986 and classified as Class C, boasts a total of 11,024 square feet, with a convenient 5.0 parking spaces per 1,000 square feet ratio. Currently, 4,363 square feet of space is available for lease, divisible into units ranging from a minimum of 1,500 square feet to a maximum contiguous space of 2,800 square feet. The property is zoned OS and features multiple tenancies, providing a diverse and vibrant environment. The building's address is 17070 W 12 Mile Rd, Southfield, MI 48076, within Oakland County. Its convenient location and ample parking make it an ideal choice for medical professionals seeking a well-established and accessible location to serve their patients. The property's parcel number (APN) is 24-12-376-021. This is a fantastic opportunity to secure high-quality medical office space in a thriving Southfield community. The building's single-story design ensures easy accessibility and navigation. Inquire today to learn more about leasing options and secure your ideal space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,887,176
    6.5%
    $1,742,008
    7%
    $1,617,579
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,031,185
    Geo Method
    $1,031,185
  • Alternative Use

    Use
    Valuation
    Residential
    $2,160,090
    Hospitality
    $1,978,631
    Educational
    $1,646,198
    Medical
    $1,702,813
    Retail
    $2,560,752
17070 12 Mile Rd, Southfield, Michigan

Location Insight

City
Southfield
County
Oakland
State
Michigan
Latitude
42.5034
Longitude
-83.2151
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$23,308
$109,640
$275,850
$385,490
-
$219,280
$551,700
$770,980

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