Property profile

26400 12th Mile Rd Southfield, MI 48034

OFF-MARKET
Commercial real estate
Property ID
US43-1904226
392 SF Built 1998
Individually Owned Free & Clear
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Property summary

AI-generated overview

Franklin Pointe Medical Center, located at 26400 W 12 Mile Rd in Southfield, Michigan, 48034, presents a unique opportunity for medical professionals seeking office space. This two-story, 91,755 square foot building, constructed in 1985, offers a variety of suite sizes, with a minimum divisible space of 1,210 square feet and a maximum of 10,658 square feet. Currently, there are 14 available spaces totaling 55,834 square feet of vacant space. The building features convenient amenities including elevators, making it easily accessible for patients and staff. The property's location in Southfield, Michigan provides excellent visibility and accessibility for patients and clients. The building is classified as a multi-tenant medical office building, ideal for a variety of medical practices. This is a rare opportunity to secure prime medical office space in a well-established and highly sought-after location. The building's size and layout offer flexibility for practices of all sizes, from small individual practices to larger group practices. Interested parties are encouraged to inquire about available space and lease terms. This property offers a strong investment opportunity in a thriving medical market.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1998
Total area 392 SF
Zoning code B-3
APN 76-24-07-604-003
UPID US43-1904226

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Medical Clinic
  • Dental Office
  • Physician Medical Clinic
  • Medical Clinic

Location

26400 12th Mile Rd Southfield, MI 48034-1700
Southfield metro Census 160900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
$290k

Owner & transaction history

Zoning & alternative use

B-3 · Southfield, MI
Zoning description

The General Business District (B-3) is designed to provide sites for diversified business types and is often located so as to serve passerby traffic

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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