Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    27650-27778 Franklin Rd Southfield, MI 48034

    Sponsored
    For Sale
    Contact for pricing

    Multi-tenant office & medical space, 41,128 SF.

    Property size:
    41,128 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 41,128 square foot multi-tenant office and medical complex, known as Regency Office & Medical Park, presents a unique investment opportunity in Southfield, Michigan. Located at 27650-27778 Franklin Road, this property boasts seven buildings situated on a 6.7-acre lot, offering ample space for a variety of uses. Built in 1985 and extensively renovated in 2006, the property features 218 parking spaces, ensuring convenient access for tenants and visitors. The permitted zoning is ERO, making it suitable for executive office, medical office, and research purposes. Each unit benefits from separately metered utilities, providing cost transparency and control. The property enjoys immediate access to I-696, offering excellent connectivity and accessibility. Recent renovations and new management ensure a well-maintained and efficiently operated complex. The property's size, location, and amenities make it an ideal investment for those seeking a high-quality, multi-tenant office and medical space in a prime Southfield location. The property's APN is 24-17-328-006. The asking price per square foot is $150.

    Property Features for 27650-27778 Franklin Rd

    General Information

    Property type
    Medical offices
    Square Feet
    41,128 SF
    Lot Size
    291,852 SF

    Building Details

    Year Built/Renovated
    1985/2006
    Buildings
    7

    HighLights

    • Office space available for sale or lease.
    • Ideal for office, medical, or research uses.
    • Abundant parking (218 spaces).
    • Separately metered utilities.
    • New management team in place.
    • Excellent I‑696 access.
    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

    Nearby Similar for Sale

    • $549,900
      4,648 SF

      Mixed-Use Property in Oakland, MI

      High-visibility commercial space with stable rental income and prime exposure.
      17600 W 11 Mile Rd, Southfield, MI 48076
      View Details
    • New
      $240,000
      1,208 SF

      Versatile Building in Southfield, MI

      1,208 sq ft building suitable for various professional uses.
      16931 W 10 Mile Rd, Southfield, MI 48075
      View Details
    • $40,000
      1,500 SF

      Profitable Smoke Shop Opportunity

      Established smoke shop for sale in Southfield, MI.
      24360 W 10 Mile Rd, Southfield, MI 48033
      View Details
    • $105,000
      1,200 SF

      Southfield Retail Building For Sale

      Retail building for sale in Southfield, Michigan with prime location.
      27105 Shiawassee Rd, Southfield, MI 48033
      View Details
    • $3,600,000
      180,291 SF

      Southfield Office Building Opportunity

      High-quality office property in Southfield, Michigan with many amenities.
      20500 Civic Center Dr, Southfield, MI 48076
      View Details
    • $500,000
      4,020 SF

      Renovated Childcare Center Ready

      Fully renovated childcare center ready for licensing in Southfield, MI.
      17333 W 10 Mile Rd, Southfield, MI 48075
      View Details
    • $3,800,000
      1,874 SF

      Established Gas Station on Hard Corner

      Gas station with high traffic location and established customer base.
      29150 Northwestern Hwy, Southfield, MI 48034
      View Details
    • New
      $350,000
      200,000 SF

      Established Pizza Shop Business

      High-volume pizza franchise opportunity in Southfield, operating for over 20 years.
      25855 Lahser Rd, Southfield, MI 48033
      View Details
    • Contact for pricing
      122 SF

      Cornerstone Plaza Retail Redevelopment

      Retail redevelopment underway with national tenants and outlot opportunities.
      23647-23881 Greenfield Rd, Southfield, MI 48075
      View Details
    • $649,900

      High-Visibility Southfield Office Building

      Two-story office building with versatile space on a busy corner.
      25755 Southfield Rd, Southfield, MI 48075
      View Details
    • $599,999
      4,875 SF

      Southfield Retail Property For Sale

      Retail property with long-term tenants and redevelopment potential in Southfield.
      24050 W 9 Mile Rd, Southfield, MI 48033
      View Details
    • Contact for pricing
      60,000 SF

      Southfield Office Building on Northwestern

      Highly visible office building with full floor suites available.
      28400 Northwestern Hwy, Southfield, MI 48034
      View Details

    FAQs

    What type of property is this?
    Medical office - Multi-tenant office & medical space, 41,128 SF.
    Where is this medical office located?
    The property is located at 27650-27778 Franklin Rd Southfield, MI.
    What are key features of this property?
    This property features: Office space available for sale or lease.; Ideal for office, medical, or research uses.; Abundant parking (218 spaces).
    Request Owner's contact information
    27650-27778 Franklin Rd Southfield, MI 48034
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    27650-27778 Franklin Rd
    Southfield, MI 48034
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.