35980 Woodward AveBloomfield Hills, MI 48304

Property Details for 35980 Woodward Ave

Year built

1952

Lot size

2.18 AC

Property size (Sq ft)

22,516 SF

Zone code

BI

Property type

Office buildings

APN

C -19-25-177-018

APU

C1925177018

Description

This exceptional office property, located at 35980 Woodward Avenue, offers a rare opportunity to lease in a highly desirable location. Situated in Oakland County, this building benefits from its strategic position, capturing the vibrant activity of both Birmingham and Bloomfield Hills. Bloomfield Hills, known for its affluent residential character and consistently high ranking among the wealthiest cities in the United States, provides a prestigious address. The property itself features multiple suites available, ranging in size from 2,424 square feet to 7,244 square feet, offering flexibility for various business needs. The convenient location on Woodward Avenue, a major thoroughfare, ensures easy access throughout Metro-Detroit, providing a direct route to numerous other destinations within the area. This makes it an ideal location for businesses seeking high visibility and convenient access to a wide range of amenities and transportation options. The property type is classified as Office, with a subtype of Medical or Family Office, suggesting suitability for a range of professional practices. The multiple tenancy structure allows for a diverse range of potential tenants. This presents a unique opportunity to establish a presence in a thriving and affluent community with excellent accessibility. Interested parties are encouraged to inquire further to explore the available suite options and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $3,854,468

  6.5%

  $3,557,970

  7%

  $3,303,830

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,106,147

  Geo Method

  $2,106,147

• Alternative Use

  Use

  Valuation

  Residential

  $4,411,883

  Hospitality

  $4,041,261

  Educational

  $3,362,282

  Medical

  $3,477,916

  Retail

  $5,230,216

Location Insight

City

Bloomfield Hills

County

Oakland

State

Michigan

Latitude

42.5543

Longitude

-83.2175

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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