1360 Porter StDearborn, MI 48124

Property Details for 1360 Porter St

Year built

1998

Lot size

0.52 AC

Property size (Sq ft)

11,240 SF

Zone code

BB

Property type

Office buildings

APN

82 09 223 17 024

APU

820922317024

Description

This exceptional 5,000-square-foot executive office suite is available for immediate occupancy within the prestigious Porter Professional Building. Situated on the first floor, this single-tenant space offers unparalleled convenience with both stair and elevator access. The layout is highly functional, featuring four treatment rooms, seven spacious offices, two restrooms, a well-equipped lab, and a convenient kitchenette. A large reception and waiting area provides a professional and welcoming atmosphere for clients and staff. The building's location offers significant advantages, with close proximity to the renowned Henry Ford Museum and Greenfield Village, ensuring easy access for employees and visitors. Furthermore, the property benefits from its strategic placement amidst a vibrant mix of local and national retailers, providing ample amenities and convenience. The property's APN is 32 09 223 17 024 00 and is located in Wayne County. This turnkey solution presents a rare opportunity to secure a substantial and well-appointed office space in a highly desirable location. The entire 5,000 square feet is currently vacant, making it perfect for a single tenant seeking a move-in ready space. This is a single-tenant occupancy property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,924,152

  6.5%

  $1,776,141

  7%

  $1,649,274

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,051,390

  Geo Method

  $1,051,390

• Alternative Use

  Use

  Valuation

  Residential

  $2,202,414

  Hospitality

  $2,017,400

  Educational

  $1,678,453

  Medical

  $1,736,178

  Retail

  $2,610,927

Location Insight

City

Dearborn

County

Wayne

State

Michigan

Latitude

42.3031

Longitude

-83.2417

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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