43494 Woodward AveBloomfield Township, MI 48302

Property Details for 43494 Woodward Ave

Year built

1981

Lot size

2.38 AC

Property size (Sq ft)

34,598 SF

Zone code

BI

Property type

Office buildings

APN

C -19-04-429-011

APU

C1904429011

Description

This exceptional Class A medical office building, the Bloomfield Professional Center, located at 43494 Woodward Ave, Bloomfield Township, MI 48302, offers a prime opportunity for medical professionals seeking flexible and modern workspace. The building, totaling 34,598 square feet, boasts a desirable location in Oakland County and features multiple tenancy options. Currently, there are 6,728 square feet of vacant space available, divisible into units ranging from a minimum of 911 square feet to a maximum contiguous space of 3,113 square feet. Built in 1982 and extensively renovated in 2001, the property maintains a high standard of quality and functionality. Ample parking is provided with 140 spaces available for tenants and their clients. The property sits on a 2.38-acre lot and is zoned BI. The building's location in Bloomfield Township offers excellent visibility and accessibility, making it an ideal location for a thriving medical practice. The property's APN is 19-04-429-011. This is a rare opportunity to secure high-quality medical office space in a sought-after location. Inquire today to learn more about leasing options and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $5,922,760

  6.5%

  $5,467,164

  7%

  $5,076,652

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,236,297

  Geo Method

  $3,236,297

• Alternative Use

  Use

  Valuation

  Residential

  $6,779,282

  Hospitality

  $6,209,786

  Educational

  $5,166,470

  Medical

  $5,344,152

  Retail

  $8,036,730

Location Insight

City

Bloomfield Hills

County

Oakland

State

Michigan

Latitude

42.608

Longitude

-83.2671

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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