26206 12th Mile Rd, Southfield, MI 48034-1754
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Southfield, MISouthfield. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.