Value-Add Medical Office
For Sale
Contact for pricing
23800 W 10 Mile Road, Southfield, MI 48033
113,000 SF medical office park with below-market occupancy along a major suburban healthcare corridor.
Property Size112,610 SF
Days on Market70
Property Features for 23800 W 10 Mile Road
General Information
Standard status
Active
Size
112,610 SF
Total Parking Spaces
350
Property subtype
Office
Zoning
BV/OS
Additional Details
Highway Access
Yes
Building Details
Building Size
112,610 SF
Year Built
1940
Year Renovated
2006
Listing Agency:
Friedman Real Estate
(248) 255-6052
Listed By:
Richard Deptula · License #101010
(248) 255-6052
Source:
Friedmanrealestate
Added: Jun 1
Changed: Aug 8
Last Checked: Jun 3 at 2:06AM
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 Friedman Real Estate
Investment Insights
Based on property information with market context.
The 113,000 SF medical office park offers a value-add setup with below-market occupancy, creating an opportunity for investors to improve cash flow through additional lease-up. The property is positioned as part of an established medical corridor, supported by a mix of physician practices and healthcare services.
Situated along the highly trafficked W. 10 Mile Road corridor in Southfield, the location benefits from strong regional accessibility. The public remarks note convenient connections to major thoroughfares, including I-696 and M-10 (Lodge Freeway), and a broader employment base with thousands of employees in the surrounding business district.
For healthcare operators, the asset’s setting within a dense office and healthcare hub can support tenant demand, given the concentration of medical uses along 10 Mile Road. For investors, the current occupancy profile suggests a practical pathway to stabilization by attracting additional medical and related service tenants who value easy access to major routes and an existing patient- and referral-driven environment.
Situated along the highly trafficked W. 10 Mile Road corridor in Southfield, the location benefits from strong regional accessibility. The public remarks note convenient connections to major thoroughfares, including I-696 and M-10 (Lodge Freeway), and a broader employment base with thousands of employees in the surrounding business district.
For healthcare operators, the asset’s setting within a dense office and healthcare hub can support tenant demand, given the concentration of medical uses along 10 Mile Road. For investors, the current occupancy profile suggests a practical pathway to stabilization by attracting additional medical and related service tenants who value easy access to major routes and an existing patient- and referral-driven environment.
Key Highlights
- 113,000 SF medical office park in Southfield
- Year built: 1940
- Located along the W. 10 Mile Road corridor
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48033, MI
17,207
Population
9,198
Households
1.9
Avg Household Size
47
Median Age
33%
College-Educated
93%
High-School Grad
9.1 sq mi
ZIP Area
1,891
Density / Sq Mi
$55,599
Median Household Income
$45,192
Median Earnings
$1,242
Median Rent
$195,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- Southfield Veterinary Hospital — 24130 W 10 Mile Rd, Southfield, MI 48033
Frequently Asked Questions
What type of property is this?
Medical Office Space - 113,000 SF medical office park with below-market occupancy along a major suburban healthcare corridor.
Where is this medical office space located?
The property is located at 23800 W 10 Mile Road Southfield, MI.
What are key features of this property?
This property features: 113,000 SF medical office park in Southfield; Year built: 1940; Located along the W. 10 Mile Road corridor
