248-931-7694
26030 Franklin rd, Southfield, MI for Sale
Specialty - FOR SALE
1/3
null | Request Cap Rate

26030 Franklin rd
Southfield, MI 48033


HIGHLIGHTS

  • A five-story, ~52,285 SF facility pre-entitled for a memory care center with 82 units (92 beds). All necessary entitlements & approvals are in place.
  • Silverfern Southfield’s pricing of ~$4,000–$4,500 per unit/month aligns with Detroit averages, ensuring a strong competitive edge.
  • Metro Detroit’s demand for assisted living/memory care is rising as Michigan’s 65+ population grows 16% from 2022 to 2030.

OVERVIEW

The Sohi Group is pleased to present to qualified investors 26030 Franklin Rd, Southfield, MI 48033—a vacant five-story building with 120 rooms and 52,285 sq. ft. of gross area. Originally acquired as a hotel asset, the current owners identified senior housing as a high-potential redevelopment opportunity and have completed a market study, pro forma, and architectural plans supporting a senior living conversion. This value-add opportunity allows a new owner to execute renovations and reposition the property as a specialized care facility to meet the growing demand for senior housing. Its prime location, favorable demographics, and flexible redevelopment potential make it an institutional-quality investment for private equity firms, senior living operators, and healthcare groups looking to expand their continuum of care. The property can be purchased independently and is not restricted to senior care, allowing for alternative investment strategies based on investor objectives.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Silverfern Southfield (ALF Conversion)

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

-

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jasnayak SohiThe Sohi GroupMore Info
248-931-7694

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jasnayak SohiThe Sohi GroupMore Info
248-931-7694

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.