Former Dental Office
27445 SOUTHFIELD RD Lathrup Village, MI 48076
For Sale
Contact for pricing
Former dental office with rear parking and monument signage along a high-visibility Southfield Road corridor.
Property Size1,552 SF
Price / SF$170.75
Days on Market56
Property Features for 27445 SOUTHFIELD RD
General Information
- Standard status
- Active
- Size
- 1,552 SF
- Property subtype
- Office
Building Details
- Year Built
- 1981
Listing Agency:
Mirlo Real Estate Partners
(917) 557-9172
Listed By:
Nick Zagar · License #6502374102
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 26 at 5:40AM
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 Mirlo Real Estate Partners
Investment Insights
Based on property information with market context.
This former dental building offers approximately 1,520 square feet of space configured for healthcare or related professional uses. The property has a history of dental and healthcare occupancy spanning decades and is being offered for sale in its current condition. A monument sign on Southfield Road supports identity and street-level recognition.
The building is located in Lathrup Village along Southfield Road between W 11 Mile Rd and W 12 Mile Rd. Highway access is described as easy via I-696, and the listing notes a drive time of about 20 minutes to Downtown Detroit. The site includes dedicated rear parking for convenient on-site access.
For an owner-operator or investor, the layout and established healthcare history may fit a dental specialist or healthcare provider seeking a visible presence on a well-established commercial corridor. The combination of Southfield Road frontage, monument signage, and dedicated rear parking can support day-to-day patient or client access, while the offering price is described as reflecting the property’s current condition.
The building is located in Lathrup Village along Southfield Road between W 11 Mile Rd and W 12 Mile Rd. Highway access is described as easy via I-696, and the listing notes a drive time of about 20 minutes to Downtown Detroit. The site includes dedicated rear parking for convenient on-site access.
For an owner-operator or investor, the layout and established healthcare history may fit a dental specialist or healthcare provider seeking a visible presence on a well-established commercial corridor. The combination of Southfield Road frontage, monument signage, and dedicated rear parking can support day-to-day patient or client access, while the offering price is described as reflecting the property’s current condition.
Key Highlights
- 1,520 SF former dental building built in 1981
- Located on Southfield Road in Lathrup Village frontage, between W 11 Mile Rd and W 12 Mile Rd
- Monument sign on Southfield Road for on‑corridor visibility
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.1k | $25.20 |
| − Vacancy | −$4.1k | −$2.65 |
| EGI | $35.0k | $22.55 |
| − OpEx | −$14.0k | −$9.02 |
| NOI | $21.0k | $13.53 |
1,552 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$300.0K
$262.5K – $350.0K
NOI $21,002 @ 7.0% cap · market cap 7.93%
Second Best
Office B
$76.3K
$66.8K – $89.1K
NOI $5,343 @ 7.0% cap · market cap 2.02%
Theoretical Best
Specialty Retail
$334.8K
$292.9K – $390.6K
NOI $23,433 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
FAQs
What type of property is this?
Medical Office Space - Former dental office with rear parking and monument signage along a high-visibility Southfield Road corridor.
Where is this medical office space located?
The property is located at 27445 SOUTHFIELD RD Lathrup Village, MI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,520 SF former dental building built in 1981; Located on Southfield Road in Lathrup Village frontage, between W 11 Mile Rd and W 12 Mile Rd; Monument sign on Southfield Road for on‑corridor visibility
