20411 12 Mile RdSouthfield, MI 48076

Property Details for 20411 12 Mile Rd

Year built

1971

Lot size

1.19 AC

Property size (Sq ft)

16,240 SF

Zone code

OS

Property type

Medical offices

Property subtype

Medical centers

APN

76-24-15-226-034

APU

762415226034

Description

This exceptional Southfield office space, located at 20411 W Twelve Mile Road, offers 2,376 square feet of immediately available space in a well-maintained building. The property, situated on a 1.19-acre lot, boasts a total of 16,240 square feet across two stories and was extensively renovated in 2018, ensuring modern amenities and functionality. The building features ample parking with 100 spaces available for tenants and visitors. This executive office space is part of a multi-tenant building, offering a collaborative and professional environment. The minimum divisible space is 961 square feet, allowing for flexibility depending on individual business needs, while the maximum contiguous space available is 2,376 square feet. The building was originally constructed in 1971 and is zoned OS, reflecting its suitability for office use. The property's Oakland County location, with its convenient access to major roadways and amenities, makes it an ideal location for businesses seeking a prominent Southfield address. The property's APN is 24-15-226-034 and the zip code is 48076. This is a rare opportunity to secure high-quality office space in a desirable location. Inquire today to learn more about leasing options.

• CAP approach

  CAP return

  Valuation

  6%

  $2,780,092

  6.5%

  $2,566,239

  7%

  $2,382,936

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,519,090

  Geo Method

  $1,519,090

• Alternative Use

  Use

  Valuation

  Residential

  $3,182,136

  Hospitality

  $2,914,820

  Educational

  $2,425,096

  Medical

  $2,508,498

  Retail

  $3,772,371

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.5015

Longitude

-83.2466

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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