15999 12 Mile RdSouthfield, MI 48076

Property Details for 15999 12 Mile Rd

Year built

1973

Lot size

0.57 AC

Property size (Sq ft)

13,156 SF

Zone code

OS

Property type

Office buildings

APN

76-24-13-227-022

APU

762413227022

Description

This exceptional 18,234 square foot executive office building, located at 15999 W 12 Mile Rd in Southfield, Michigan (zip code 48076), presents a unique investment opportunity. The property boasts an architecturally attractive and well-constructed brick and steel structure. The interior features an upgraded layout and design, reflecting a commitment to modern functionality and aesthetics. Ample parking is available, exceeding the norm with a ratio of 4.72 spaces per 1,000 square feet. The building is equipped with an efficient boiler heat system, ensuring comfortable and cost-effective climate control. Adding to its versatility, the property includes a fully functional commercial kitchen, ideal for various business needs. Situated in Oakland County, this prime Southfield location offers excellent accessibility and visibility. This executive office space is ready for immediate occupancy and presents a compelling opportunity for businesses seeking a high-quality, well-appointed workspace with abundant parking. The property's superior construction and thoughtful design combine to create a truly exceptional office environment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,343,276

  6.5%

  $2,163,024

  7%

  $2,008,522

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,230,612

  Geo Method

  $1,230,612

• Alternative Use

  Use

  Valuation

  Residential

  $2,682,149

  Hospitality

  $2,456,834

  Educational

  $2,044,057

  Medical

  $2,114,356

  Retail

  $3,179,645

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.5025

Longitude

-83.2069

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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