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    26206 Twelve Mile Rd Southfield, MI 48034

    For Lease
    $18 SF/Yr

    Modern medical suites, ample parking.

    Lot size:
    26,258 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional medical office building, located at 26206 W 12 Mile Rd in Southfield, Michigan, presents a unique investment opportunity. The property, known as Franklin Medical Center, boasts a total of 26,258 square feet, offering multiple tenancy options. Nine spaces are currently available, ranging from a minimum of 285 square feet to a maximum contiguous space of 3,356 square feet. A significant 15,769 square feet is currently vacant, providing flexibility for expansion or multiple tenants. The building was constructed in 1975 and underwent renovations in 1996, ensuring a blend of character and modern functionality. The 1.55-acre lot provides ample space, complemented by 120 parking spaces for staff and patients. Conveniently located in Oakland County (APN 24-07-477-010), the building features elevators for easy accessibility. The property is zoned OS and is ideal for a variety of medical practices. This is a prime opportunity to establish or expand a medical practice in a thriving Southfield location, with the added benefit of readily available space. The building's history and recent renovations combine to offer a well-maintained and functional space ready for immediate occupancy.

    Property Features for 26206 Twelve Mile Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    26,258 SF
    Total Rate
    39387

    Building Details

    Year Built/Renovated
    1975/1996

    Unit(s) available at that property

    Space
    Suite 204
    Size
    1,081 SF
    Rate per SF
    $21
    Space
    Suite 202
    Size
    1,491 SF
    Rate per SF
    $21
    Space
    Suite 105
    Size
    3,005 SF
    Rate per SF
    $21
    Space
    Suite 108
    Size
    285 SF
    Rate per SF
    $21
    Space
    Suite 302
    Size
    1,406 SF
    Rate per SF
    $21
    Space
    Suite 100
    Size
    1,745 SF
    Rate per SF
    $24
    Space
    Suite 201
    Size
    2,859 SF
    Rate per SF
    $21
    Space
    Suite 301A
    Size
    541 SF
    Rate per SF
    $21
    Space
    Suite 300
    Size
    3,356 SF
    Rate per SF
    $21

    HighLights

    • New ownership and management team.
    • Building signage opportunities available.
    • Tenant improvement allowances offered.
    • Competitive lease rates available.
    • Floor plates of approximately 8,750 square feet.
    • Upcoming building improvements planned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3052342
    Latitude
    42.5010226

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    FAQs

    What type of property is this?
    Medical office - Modern medical suites, ample parking.
    Where is this medical office located?
    The property is located at 26206 Twelve Mile Rd Southfield, MI.
    What is the lease rate?
    The lease rate is $21-$24 SF/Yr.
    What are key features of this property?
    This property features: New ownership and management team.; Building signage opportunities available.; Tenant improvement allowances offered.
    Request Owner's contact information
    26206 Twelve Mile 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
    26206 Twelve Mile Rd Southfield, MI 48034
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