For Sale Michigan Southfield 4071
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Office Building For Sale By Owner
Commerical Office Building
25820 Southfield Road, Southfield , Michigan 48075 United States
Description
Professional two-story office building on a main thorough-fare in Southfield, Michigan. This office building has professional, small business operations that is 100% occupied. Recently renovated. Five bathrooms; two on the Second Floor, two on the First Floor and one on the Basement Level. In the Basement Level, there is a fully functioning kitchen where a small bakery comes in Thursday - Saturday for retail operations. The Basement Level also has vending services; snack and beverages.
The Rate of Return on a $550,000 investment is currently 9.58%. Rents are projected to be increased 10% by October, 2016. The projected Rate of Return will be 11.41%
| Price: | Contact For Price |
| Property Sub-Type: | Office Building |
| Total Building Size: | 20255 SF |
| Total Lot Size : | 0.5 Acres |
| Year Built : | 1968 |
| No of Stories: | 2 |
| No of Parking Stalls: | 25 |
| Occupancy: | 100 % |
| Listing ID: | 4071 |
Map of: 25820 Southfield Road, Southfield , Michigan 48075 United States
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