18000 8 Mile RdSouthfield, MI 48075

Property Details for 18000 8 Mile Rd

Year built

1963

Lot size

1.38 AC

Property size (Sq ft)

36,873 SF

Zone code

ERO

Property type

Office properties

Property subtype

Office buildings

APN

76-24-36-354-002

APU

762436354002

Description

This exceptional three-story, 36,000-square-foot office building, located at 18000 Eight Mile Rd, Southfield, MI 48075, presents a unique investment opportunity. Built in 1969 and extensively renovated in 2024, the property boasts a Class C designation and offers flexible zoning ideal for a variety of uses, including traditional office, medical office, and creative office spaces. The building is divisible to a minimum of 1,500 square feet, with five spaces currently available, ranging from 200 to 12,000 square feet. Its prime location at the intersection of Southfield Highway and Eight Mile Road ensures high visibility, with over 250,000 vehicles passing daily. The property benefits from its central location within the Oakland and Wayne county region, providing easy access to the entire Detroit Metropolitan area. Convenient access to major freeways, including Southfield Highway, M-10, I-696, I-96, I-75, and I-275, further enhances its appeal. The building is equipped with a backup generator, ensuring business continuity. This versatile property is perfectly suited for businesses seeking a well-maintained, conveniently located, and adaptable office space in a thriving metropolitan area. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $6,568,268

  6.5%

  $6,063,016

  7%

  $5,629,944

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,449,100

  Geo Method

  $3,449,100

• Alternative Use

  Use

  Valuation

  Residential

  $7,518,140

  Hospitality

  $6,886,576

  Educational

  $5,729,550

  Medical

  $5,926,598

  Retail

  $8,912,634

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.445

Longitude

-83.2187

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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