25510 Plymouth RdRedford, MI 48239

Property Details for 25510 Plymouth Rd

Year built

1961

Construction

BRICK

Lot size

0.14 AC

Property size (Sq ft)

2,542 SF

Property type

Medical offices

Property subtype

Medical centers

APN

79 035 02 0037 002

APU

79035020037002

Description

This exceptional office space, located at 25510 Plymouth Road in Redford, Michigan, presents a fantastic opportunity for a variety of businesses. The property, encompassing 2,542 square feet, is situated on a 0.14-acre lot and is ideally suited for executive offices, medical practices, or traditional office settings. Built in 1961, the building is zoned for commercial use and is located in Wayne County, with a convenient zip code of 48239. The single-tenant occupancy provides ample space for a growing team, offering significant room for expansion and customization to meet specific business needs. This property is perfect for businesses requiring a substantial footprint and a prime location in Redford. The building's location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in the area. This is a rare opportunity to secure a well-established office space in a thriving commercial zone. Note that there are two units available. This listing specifically details Unit A.

• CAP approach

  CAP return

  Valuation

  6%

  $435,160

  6.5%

  $401,686

  7%

  $372,994

• Comparable approach

  Method

  Valuation

  Relative Method

  $237,779

  Geo Method

  $237,779

• Alternative Use

  Use

  Valuation

  Residential

  $498,091

  Hospitality

  $456,248

  Educational

  $379,593

  Medical

  $392,648

  Retail

  $590,478

Location Insight

City

Redford

County

Wayne

State

Michigan

Latitude

42.3712

Longitude

-83.2915

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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