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20411 W 12 Mile Rd 16,240 SF 100% Leased Office Building Southfield, MI 48076 $1,700,000 ($104.68/SF) 9.82% Cap Rate
Executive Summary
Recently updated common areas with modern finishes and materials
Stable occupancy w/ 93% occupancy including quality service, general office and medical tenants
Tenant suites updated including flooring and lighting
Newer capital improvements include new roof and soffit (2024), HVAC (2023-2025), parking lot (2025), exterior painting (2022)
$167,000 NOI projected in 2026
Full partially finished basement available for lease for additional upside
Over parked surface parking lot with 6.3/1,000 SF parking spaces available
Central Southfield located on the south side of 12 mile road ½ mile west of Evergreen Road
Property Facts
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
16,240 SF multi-tenant two-story office building for lease 2,376 SF space available Zoned OS - office or medical uses Impeccably maintained new ownership Newly surfaced 100 car parking lot New exterior paint, landscaping, and renovated interior common areas $10.00 - $16.50 gross plus electric Finished lower level office and storage
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 101 | 2,376 SF | Office | Partial Build-Out | 30 Days |
1st Fl-Ste 101
| Size |
| 2,376 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| 30 Days |
1st Fl-Ste 101
| Size | 2,376 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | 30 Days |
16,240 SF multi-tenant two-story office building for lease 2,376 SF space available Zoned OS - office or medical uses Impeccably maintained new ownership Newly surfaced 100 car parking lot New exterior paint, landscaping, and renovated interior common areas $10.00 - $16.50 gross plus electric Finished lower level office and storage
Property Taxes
| Parcel Number | 24-15-226-034 | Improvements Assessment | $333,060 |
| Land Assessment | $103,500 | Total Assessment | $436,560 |
Property Taxes
Presented by
20411 W 12 Mile Rd
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