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Commercial Space Near I-696
For Sale
$1,300,000

27241 Southfield Road, Lathrup Village, MI 48076

Single-story commercial space near I-696, currently operating as a pharmacy.

Property Size1,739 SF
Days on Market123

Property Features for 27241 Southfield Road

General Information

Standard status Active
Size 1,739 SF
Property subtype Commercial
Zoning Commercial, Office

Taxes and HOA fees

Annual Taxes $5,289

Building Details

Building Size 1,739 SF
Year Built 2014
Listing Agency: KW Domain
Listed By: Christina Gennari · License #6501322143
Source: Thebrokeragehouse
Added: Apr 24 Changed: Aug 23 Last Checked: Aug 23 at 9:21AM

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 KW Domain

Investment Insights

Based on property information with market context.

This single-story commercial space, currently operating as a pharmacy, is conveniently situated near I-696. The property offers flexible space suitable for pharmacy operations, medical offices, or retail ventures. High visibility and accessibility ensure steady foot traffic and ease of commute for clients and employees. The layout includes designated pharmacy space and back office areas equipped with appliances and a full bathroom. Front and rear entrances, along with a side and rear adjoining paved lot, provide ample on-site parking. The property offers versatile potential for various businesses and is well-equipped with modern amenities, allowing for seamless transition and minimal renovation requirements. The bike score is 43, indicating it is somewhat bikeable, and the walk score is 59, indicating it is somewhat walkable.

Key Highlights

  • Prime location near I‑696 with high visibility and accessibility
  • Currently operating as a pharmacy, ideal for similar businesses or medical offices
  • Flexible space suitable for various commercial ventures

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick Auto Repair Shop Real Estate Agency Building Supply Restaurant Auto Parts Store Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

465
Businesses Nearby
Well-served
Demand for This Use

Demographics for 48076, MI

26,062
Population
11,016
Households
2.4
Avg Household Size
44
Median Age
44%
College-Educated
94%
High-School Grad
7.1 sq mi
ZIP Area
3,671
Density / Sq Mi
$85,171
Median Household Income
$50,210
Median Earnings
$1,451
Median Rent
$251,300
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Similar Off Market Nearby

  • Lathrup Pharmacy 27241 Southfield Rd, Lathrup Village, MI 48076
  • Southfield Pharmacy 26237 Southfield Rd, Lathrup Village, MI 48076
  • Groesbeck RX Pharmacy 28035 Southfield Rd STE 103, Lathrup Village, MI 48076
  • Forever Esthetics 28000 Southfield Rd, Lathrup Village, MI 48076
  • EYE ENVY LASH EXTENSIONS AND MORE 26021 Southfield Rd ste 201, Lathrup Village, MI 48076

Frequently Asked Questions

What type of property is this?
Drug store - Single-story commercial space near I-696, currently operating as a pharmacy.
Where is this drug store located?
The property is located at 27241 Southfield Road Lathrup Village, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime location near I‑696 with high visibility and accessibility; Currently operating as a pharmacy, ideal for similar businesses or medical offices; Flexible space suitable for various commercial ventures
More about this property
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