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    27650-27778 Franklin Rd Southfield, MI 48034

    Sponsored
    For Lease
    $16 SF/Yr

    Prime Southfield Office & Medical Space

    Lot size:
    41,128 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Southfield, Michigan office and medical complex, located at 27650-27778 Franklin Road, offers a diverse range of leasing opportunities. The property comprises seven buildings totaling 41,128 square feet situated on a generous 6.7-acre lot in Oakland County. Currently, there are two available spaces, ranging from 1,026 to 1,387 square feet, ideal for executive offices or medical practices. The property's multiple tenancy structure provides a dynamic and collaborative environment. The convenient location in Southfield, MI, zip code 48034, ensures easy access to major transportation routes and amenities. With 2,413 square feet currently vacant, this presents a unique chance to secure space in a well-established and highly sought-after business park. The property's classification as both executive office and medical office space caters to a wide range of potential tenants. This is an excellent opportunity for businesses seeking a prestigious and functional workspace in a thriving community. The property's size and layout offer flexibility for various business needs, making it an attractive option for both established companies and startups. Contact us today to learn more about leasing options and explore the possibilities this exceptional property offers.

    Property Features for 27650-27778 Franklin Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,128 SF
    Total Rate
    54837.33

    Building Details

    Buildings
    7

    Unit(s) available at that property

    Space
    Suite 27766
    Size
    1,387 SF
    Rate per SF
    $18
    Space
    Suite 27698
    Size
    1,026 SF
    Rate per SF
    $18

    HighLights

    • Office space available for lease.
    • Suitable for office, medical, or research use.
    • Ample parking available.
    • Separately metered utilities.
    • Under new management.
    • Convenient access to I‑696.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.294735
    Latitude
    42.4901683

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    FAQs

    What type of property is this?
    Medical office - Prime Southfield Office & Medical Space
    Where is this medical office located?
    The property is located at 27650-27778 Franklin Rd Southfield, MI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Office space available for lease.; Suitable for office, medical, or research use.; Ample parking available.
    Request Owner's contact information
    27650-27778 Franklin Rd Southfield, MI 48034
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    Southfield, MI 48034
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    27650-27778 Franklin Rd Southfield, MI 48034
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