Medical Office Building with Flex
For Sale
Contact for pricing
1336 Southfield Rd, Lincoln Park, MI 48146
Standalone medical/office building offers a flexible layout that can be split for two tenants.
Property Size4,300 SF
Price / SF$46.51
Days on Market179
Property Features for 1336 Southfield Rd
General Information
Standard status
Active
Size
4,300 SF
Property subtype
OFFICE
Additional Details
Furnished
Yes
Road Access
Yes
Listing Agency:
NAI Farbman - Corporate
(248) 353-0500
Listed By:
Brad Margolis · License #6501371948
(248) 351-4367
Source:
Moodyscre
Added: Apr 13
Changed: Sep 7
Last Checked: Oct 7 at 10:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Farbman - Corporate
Investment Insights
Based on property information with market context.
This medical/office building totals 4,300 SF and is offered for sale with all FF&E included. The floor plan is flexible and can be arranged to support two separate tenant spaces.
The property is positioned on Southfield Rd with ample frontage and prime commercial exposure. Public remarks cite extremely high traffic counts at nearby intersections including I-75 and John A Papalas Dr, Garfield Ave and Howard St, and the Detroit-Toledo and Southfield freeways.
With a configuration that can be split, the building may suit users seeking individual occupancy or a shared setup within the same address.
The property is positioned on Southfield Rd with ample frontage and prime commercial exposure. Public remarks cite extremely high traffic counts at nearby intersections including I-75 and John A Papalas Dr, Garfield Ave and Howard St, and the Detroit-Toledo and Southfield freeways.
With a configuration that can be split, the building may suit users seeking individual occupancy or a shared setup within the same address.
Key Highlights
- 4,300 SF standalone medical/office building in Lincoln Park
- Ample frontage on Southfield Road with high traffic counts near major intersections
- Flexible floor plan can be split for two tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,803
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,060
$296.1K
Cap Rate 7%
$211,471
$211.5K
Cap Rate 9%
$164,478
$164.5K
Market Conditions
NOI Build-Up for 4,300 SF
Gross rent
$25.8K $6.00/SF
− Vacancy
−$6.1K −$1.41/SF
EGI
$19.7K $4.59/SF
− OpEx
−$4.9K −$1.15/SF
NOI
$14.8K $3.44/SF
Area
Wayne County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,060
Cap Rate 7%
$211,471
Cap Rate 9%
$164,478
Alternative Uses
Best Use
Healthcare Medical
$646.9K
$566.0K – $754.7K
NOI $45,282 @ 7.0% cap · market cap 22.64%
Second Best
Office B
$211.5K
$185.0K – $246.7K
NOI $14,803 @ 7.0% cap · market cap 7.40%
Theoretical Best
Specialty Retail
$796.1K
$696.6K – $928.8K
NOI $55,728 @ 7.0% cap · market cap 27.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Explore this area
Business Placement
Demographics for 48146, MI
40,245
Population
15,874
Households
2.5
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
5.8 sq mi
ZIP Area
6,939
Density / Sq Mi
$57,183
Median Household Income
$36,886
Median Earnings
$972
Median Rent
$117,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Standalone medical/office building offers a flexible layout that can be split for two tenants.
Where is this office building located?
The property is located at 1336 Southfield Rd Lincoln Park, MI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 4,300 SF standalone medical/office building in Lincoln Park; Ample frontage on Southfield Road with high traffic counts near major intersections; Flexible floor plan can be split for two tenants
