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    OFF-MARKET Estimated value $3,345,000
    Medical Office Space

    26206 12th Mile Rd, Southfield, MI 48034-1754

    26,259 SF 3.9 ac lot Built 1975
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US43-1749797
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1975
    Total area 26,259 SF
    Lot 3.9 ac (169,884 SF)
    Zoning code B-3
    APN 76-24-07-477-010
    UPID US43-1749797
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.35M
    Owner & transaction history
    Franklin Medical Holdings LLC · 3 yrs held
    Franklin Medical Holdings LLC
    since 2023
    7 recorded transactions
    2023
    2004
    2003
    1969
    1969
    1969
    1969
    Zoning & alternative use
    B-3 · Southfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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