21790 Coolidge HwyOak Park, MI 48237

Property Details for 21790 Coolidge Hwy

Year built

1964

Lot size

0.67 AC

Property size (Sq ft)

14,350 SF

Zone code

O

Property type

Office properties

Property subtype

Office buildings

APN

52-25-32-152-001

APU

522532152001

Description

This exceptional two-story office building, located at 21790 Coolidge Highway in Oak Park, Michigan, offers a variety of executive office suites for lease. Situated in the desirable Royal Oak Vicinity submarket of Oakland County, this property boasts a total of 17,500 square feet, with multiple tenancy options available. Three spaces are currently available, ranging from a minimum of 783 square feet to a maximum contiguous space of 1,940 square feet. A total of 3,515 square feet is currently vacant and ready for immediate occupancy. The building's design caters to businesses seeking flexible and adaptable workspaces. The convenient location in Oak Park, with its zip code 48237, provides easy access to major transportation routes and amenities. This is an excellent opportunity for businesses seeking high-quality office space in a thriving suburban location. The building's traditional style blends seamlessly with the surrounding area, offering a professional and welcoming atmosphere. Interested parties are encouraged to inquire about available space and lease terms. The property is easily accessible via its Coolidge Highway address.

• CAP approach

  CAP return

  Valuation

  6%

  $2,984,590

  6.5%

  $2,755,006

  7%

  $2,558,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,342,299

  Geo Method

  $1,342,299

• Alternative Use

  Use

  Valuation

  Residential

  $3,416,208

  Hospitality

  $3,129,228

  Educational

  $2,603,481

  Medical

  $2,693,019

  Retail

  $4,049,860

Location Insight

City

Oak Park

County

Oakland

State

Michigan

Latitude

42.4546

Longitude

-83.1811

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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