22000 Springbrook AveFarmington Hills, MI 48336

Property Details for 22000 Springbrook Ave

Year built

1988

Lot size

0.72 AC

Property size (Sq ft)

10,450 SF

Zone code

BI

Property type

Office buildings

APN

22-23-35-129-032

APU

222335129032

Description

This exceptional Farmington Hills, Michigan property at 22000 Springbrook Ave, 48336 offers two available office suites totaling 1,584 square feet within a larger 10,000 square foot building situated on a 0.72-acre lot. Suite 1 encompasses 660 square feet, while Suite 2 offers 924 square feet. These suites can be combined to create a larger, 1,584 square foot space, ideal for businesses requiring flexible configurations. The building boasts ample parking with 50 spaces available for tenants and visitors. Located in Oakland County, this property benefits from excellent main street exposure, allowing for prominent signage opportunities. The building is ADA compliant, featuring an elevator for convenient access. New ownership ensures a commitment to maintaining high standards and providing a positive tenant experience. Immediate occupancy is available, making this an attractive option for businesses seeking a quick move-in. This single-tenant office and retail space presents a unique opportunity in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,788,914

  6.5%

  $1,651,305

  7%

  $1,533,355

• Comparable approach

  Method

  Valuation

  Relative Method

  $977,493

  Geo Method

  $977,493

• Alternative Use

  Use

  Valuation

  Residential

  $2,047,618

  Hospitality

  $1,875,608

  Educational

  $1,560,483

  Medical

  $1,614,151

  Retail

  $2,427,419

Location Insight

City

Farmington Hills

County

Oakland

State

Michigan

Latitude

42.4531

Longitude

-83.3472

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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