24225 9 Mile RdSouthfield, MI 48033

Property Details for 24225 9 Mile Rd

Year built

1972

Lot size

1.14 AC

Property size (Sq ft)

16,758 SF

Zone code

OS

Property type

Office buildings

APN

76-24-32-226-027

APU

762432226027

Description

This exceptional Southfield, MI office property at 24225 W Nine Mile Rd (cross streets: 9 Mile and Telegraph Rd), offers a variety of flexible lease options in a newly renovated building. The 18,000 square foot, two-story building, constructed in 1970 and completely renovated in 2023, features multiple tenancy options ranging from 350 to 850 square feet. Available spaces include single offices and suites, all boasting new flooring and fresh paint. The building is conveniently located in Southfield, MI, 48033, providing easy access for employees and clients alike. While there are no elevators, the building offers 24/7 access for tenants and staff. Professional tenants only

• CAP approach

  CAP return

  Valuation

  6%

  $3,251,270

  6.5%

  $3,001,170

  7%

  $2,786,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,567,540

  Geo Method

  $1,567,540

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,830,370

  Retail / Commercial

  $3,005,100

  Mixed-Use / Specialty

  $3,006,460

  Hospitality / Lodging

  $2,221,460

  Institutional / Educational

  $3,129,820

  Residential Income

  $3,661,890

  Multifamily

  $4,324,960

  Automotive / Energy

  $2,682,700

  Parking / Income-Based Land

  $913,843

  Restaurant / Food Service

  $1,589,440

  Healthcare / Senior Housing

  $3,070,690

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.4568

Longitude

-83.2814

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].