For Sale
$2,000,000

20180 12 Mile RdSouthfield, MI 48076

9,052 SF Medical Office - $2M

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 9,052-square-foot medical office building, located at 20180 W Twelve Mile Road in Southfield, Michigan, presents a compelling investment opportunity. Built in 1973 and extensively renovated in 2013, the property boasts a strong net operating income (NOI) of $155,000. The building is situated on a 0.97-acre lot and features ample parking, providing a 7:1,000 sq ft ratio. The property is currently leased under a triple-net (NNN) lease to multiple tenants. The asking price is $2,000,000, translating to a price per square foot of $220.94. Its prime location offers convenient access to I-696 and Evergreen Road, ensuring high visibility and accessibility for patients and staff. The building benefits from prominent exterior monument signage on Twelve Mile Road. Its proximity to Corewell Health Royal Oak and local retail amenities further enhances its appeal. This well-maintained property represents a stable and attractive investment in a thriving medical market. The property's 9,052 square feet of net rentable space makes it an ideal investment for those seeking a strong return in the Southfield, Oakland County area (zip code 48076).

Highlights

  • 9,052 SF medical office building in Southfield, MI (48076).
  • $2,000,000 asking price, $220.94/SF.
  • Strong NOI of $155,000.
  • Triple-net (NNN) lease to multiple tenants.
  • Located on a 0.97-acre lot with ample parking (7:1,000 sq ft ratio).
  • Excellent visibility and access via I-696 and Evergreen Road, with prominent signage.

Property Details for 20180 12 Mile Rd

Property type
Office properties, Medical offices
Square Feet
9,052 SF
Year Built/Renovated
1973/2013
Lot Size (sq. ft)
42,253 SF

Location Insight

City
Southfield
County
Oakland
State
Michigan
Latitude
42.5023371
Longitude
-83.243471
20180 12 Mile Rd, Southfield, Michigan

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20180 12 Mile Rd
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