6895 Telegraph RdBloomfield Township, MI 48301

Property Details for 6895 Telegraph Rd

Year built

1977

Lot size

0.77 AC

Property size (Sq ft)

10,105 SF

Zone code

BI

Property type

Office buildings

APN

C -19-33-152-001

APU

C1933152001

Description

This exceptional 10,105 square foot, two-story office building in Bloomfield Hills, MI presents a fantastic leasing opportunity. The entire first floor, ranging from 3,584 to 4,250 square feet, is currently vacant and immediately available. This space boasts a minimum divisible area of 4,437 square feet, perfect for a single tenant or multiple smaller occupants. Recent renovations have significantly enhanced the property, including a completely remodeled lobby and entryway, a new high-efficiency HVAC system, new windows, refreshed landscaping, and a resurfaced parking lot. The building also features a new roof, ensuring long-term efficiency and cost savings. With 35 total parking spaces, ample parking is guaranteed for tenants and their clients. The property is strategically located in a high-traffic area, enjoying excellent visibility to over 66,000 vehicles daily on Telegraph Road, and is conveniently situated near a variety of retail establishments and restaurants. The O-1 zoning designation ensures suitability for office use. Multiple points of ingress and egress provide convenient access for tenants and visitors. There is no common area factor, making this a highly efficient and cost-effective option. This is a rare opportunity to secure a beautifully renovated, well-located office space in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,729,854

  6.5%

  $1,596,788

  7%

  $1,482,732

• Comparable approach

  Method

  Valuation

  Relative Method

  $945,222

  Geo Method

  $945,222

• Alternative Use

  Use

  Valuation

  Residential

  $1,980,018

  Hospitality

  $1,813,686

  Educational

  $1,508,965

  Medical

  $1,560,861

  Retail

  $2,347,279

Location Insight

City

Bloomfield Hills

County

Oakland

State

Michigan

Latitude

42.5392

Longitude

-83.2842

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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