26206 Twelve Mile Rd Southfield, MI 48034
- Medical offices
- 26,259 SF
- 3.90 lot acres
Current Use by Public Records
- Medical offices
Property Details for 26206 Twelve Mile Rd
- Year built
- 1975
- Lot size
- 3.90 lot acres
- Property size
- 26,259 SF
- Zone code
- B-3
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 76-24-07-477-010
- APU
- 762407477010
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $770,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,030,000
- 6.5%
- $920,000
- 7%
- $1,070,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,115,000
- Geo Method
- $1,050,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,040,000
- Retail
- $1,185,000
- Mixed-Use
- $1,050,000
- Hospitality
- $1,035,000
- Educational
- $1,335,000
- Residential Income
- $1,040,000
- Energy
- $1,315,000
- Income-Based Land
- $1,200,000
- Food Service
- $1,285,000
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3056
- Latitude
- 42.5015
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
