10 Square Lake RdBloomfield Township, MI 48302

Property Details for 10 Square Lake Rd

Year built

1973

Lot size

0.91 AC

Property size (Sq ft)

30,720 SF

Zone code

BI

Property type

Office buildings

APN

C -19-04-476-053

APU

C1904476053

Description

This exceptional three-story office building, located at 10 West Square Lake Road in Bloomfield Township, Michigan, 48302, offers a prime location and versatile space ideal for both medical and general office uses. The building boasts a total of 26,429 square feet situated on a spacious 10.16-acre lot, providing ample parking and a tranquil setting. Currently, seven individual office suites are available, ranging in size from 495 square feet to 2,006 square feet, catering to a variety of business needs and sizes. The building features convenient amenities including elevators for easy access to all three floors. Its strategic location provides easy access to I-75, ensuring convenient commutes for employees and clients alike. The property is classified as multi-tenant, offering flexibility and potential for collaborative environments. This is a rare opportunity to secure high-quality office space in a desirable Bloomfield Township location. The building's design and amenities make it an attractive option for businesses seeking a professional and efficient workspace. The ample lot size offers significant potential for future expansion or development. Interested parties are encouraged to inquire about available suite sizes and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $5,258,894

  6.5%

  $4,854,363

  7%

  $4,507,623

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,873,549

  Geo Method

  $2,873,549

• Alternative Use

  Use

  Valuation

  Residential

  $6,019,410

  Hospitality

  $5,513,748

  Educational

  $4,587,374

  Medical

  $4,745,140

  Retail

  $7,135,914

Location Insight

City

Bloomfield Hills

County

Oakland

State

Michigan

Latitude

42.604

Longitude

-83.2665

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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