110-Unit Five-Story Apartment
For Sale
$3,025,000
26620 Franklin Rd, Southfield, MI 48033
Senior living designation, B-3 zoning, and shared parking support a range of residential operating considerations.
Property Size52,285 SF
Lot Size1.41 Acres
Price / SF$57.86
Days on Market196
Property Features for 26620 Franklin Rd
General Information
Standard status
Active
Size
52,285 SF
Total Parking Spaces
548
Lot size
1.41 Acres
Property subtype
MultiFamily Apartments
Zoning
B-3
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
110
Building Details
Building Size
52,285 SF
Year Built
1966
Year Renovated
2017
Buildings
1
Stories
5
Listing Agency:
The Jonna Group
Listed By:
Simon Jonna · License #6501357188
(248) 226-1610
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 5:29PM
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 The Jonna Group
Investment Insights
Based on property information with market context.
The apartment property contains 110 units within a five-story, 52,285-square-foot building on 1.41 acres. Constructed in 1966 and renovated in 2017, the asset carries a senior living designation and includes 548 shared parking spaces. B-3 zoning is also identified for the property.
Located at 26620 Franklin Rd in Southfield, the building is near employers, retail, dining, public transportation, and major highways. Franklin Meadows is nearby, while the Southfield business district and Southfield City Centre provide additional surrounding amenities and activity.
The combination of unit scale, established improvements, senior housing designation, parking capacity, and Southfield location defines the property’s operating profile.
Located at 26620 Franklin Rd in Southfield, the building is near employers, retail, dining, public transportation, and major highways. Franklin Meadows is nearby, while the Southfield business district and Southfield City Centre provide additional surrounding amenities and activity.
The combination of unit scale, established improvements, senior housing designation, parking capacity, and Southfield location defines the property’s operating profile.
Key Highlights
- 110‑unit apartment property in a five‑story building
- 52,285 SF building situated on 1.41 acres
- Built in 1966 and renovated in 2017
Property Analytics
Current Use
Lease Details
110
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Senior living designation, B-3 zoning, and shared parking support a range of residential operating considerations.
Where is this apartment building located?
The property is located at 26620 Franklin Rd Southfield, MI.
What is the asking price?
The asking price for this property is $3,025,000.
What are key features of this property?
This property features: 110‑unit apartment property in a five‑story building; 52,285 SF building situated on 1.41 acres; Built in 1966 and renovated in 2017
