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Medical Office Condo with Pharmacy
For Lease
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29877 Telegraph Rd, Southfield, MI 48034

Medical office space within a professional condo building featuring an operating pharmacy and proximity to major area hospitals.

Space SizeContact for details
Days on Market227

Property Features for 29877 Telegraph Rd

General Information

Standard status Active
Property subtype Office

Additional Details

Highway Access Yes

Building Details

Tenancy Multi
Listing Agency: Friedman Integrated Real Estate
Listed By: Dan Verderbar
Source: Cpix.resimplifi
Added: Jan 21 Changed: Jul 21 Last Checked: Sep 5 at 3:43AM

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 Integrated Real Estate

Investment Insights

Based on property information with market context.

Medical office space available in a professional medical condo building with an operating pharmacy on site. The building is owned by multiple medical professionals across a variety of specialties.

The property is in close proximity to I-696, M-10, and I-75, and it is also near Providence and Beaumont hospitals.

The remarks indicate forthcoming HOA-funded complex improvements, which may enhance the overall property environment for tenants and patients.

Key Highlights

  • Medical office space within a professional condo building
  • Operating pharmacy located within the building
  • Close proximity to I‑696, M‑10, and I‑75

Property Analytics

Current Use

Dr. Robert P. ... Ophthalmologist Farmbrook Pharmacy Pharmacy Michigan Premier Internists Medical Clinic Dr. William S. ... Physician Michigan Eyecare Institute Physician

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Electrical Service Garden Center Parking Lot & Garage Storage Facility

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

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,680
Businesses Nearby
Balanced
Demand for This Use

Demographics for 48034, MI

14,480
Population
8,634
Households
1.7
Avg Household Size
43
Median Age
40%
College-Educated
96%
High-School Grad
4.3 sq mi
ZIP Area
3,367
Density / Sq Mi
$59,634
Median Household Income
$40,068
Median Earnings
$1,275
Median Rent
$259,400
Median Home Value

Market

Lease Benchmarks for Southfield, MI

$16.46 /SF/Yr
Avg Asking Price
$12–$20 /SF/Yr
Price Range
23,749 SF
Avg Space Size

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

  • Banfield Pet Hospital 28556 Telegraph Rd, Southfield, MI 48034
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical office space within a professional condo building featuring an operating pharmacy and proximity to major area hospitals.
Where is this medical office space located?
The property is located at 29877 Telegraph Rd Southfield, MI.
What are key features of this property?
This property features: Medical office space within a professional condo building; Operating pharmacy located within the building; Close proximity to I‑696, M‑10, and I‑75
More about this property
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