38777 6 Mile RdLivonia, MI 48152

Property Details for 38777 6 Mile Rd

Year built

1985

Construction

FRAME

Lot size

8.92 AC

Property size (Sq ft)

122,904 SF

Property type

Office buildings

APN

46 070 99 0001 005

APU

46070990001005

Description

This exceptional Class A office building, Cambridge Center, located at 38777 Six Mile Rd, Livonia, MI 48152, offers a variety of executive office suites for lease. The building totals 19,196 square feet and features multiple tenancy options. Spaces range from a minimum of 2,428 square feet to a maximum contiguous space of 7,883 square feet, with a total of 20,200 square feet currently vacant. This presents a unique opportunity for businesses seeking flexible and modern workspace in a prime Livonia location. The building boasts ample power, with 19,196 square feet of power capacity mirroring the total building square footage. The property is categorized as Executive Office and Professional space, ideal for businesses requiring a sophisticated and efficient work environment. Its convenient location in Livonia, Michigan offers easy access to major transportation routes and amenities. Interested parties are encouraged to inquire about available spaces and lease terms. This is a rare opportunity to secure high-quality office space in a desirable location. The building's Class A designation reflects its superior construction, amenities, and overall quality.

• CAP approach

  CAP return

  Valuation

  6%

  $21,039,682

  6.5%

  $19,421,246

  7%

  $18,034,014

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,496,440

  Geo Method

  $11,496,440

• Alternative Use

  Use

  Valuation

  Residential Income

  $24,082,344

  Hospitality / Lodging

  $22,059,298

  Institutional / Educational

  $18,353,076

  Healthcare / Senior Housing

  $18,984,268

  Retail / Commercial

  $28,549,230

Location Insight

City

Livonia

County

Wayne

State

Michigan

Latitude

42.4094

Longitude

-83.4273

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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