Historic Downtown Mixed-Use
For Sale
$2,995,000
104 W Main Street, Northville, MI 48167
Commercial Sale, Northville, MI
Property Size8,600 SF
Lot Size0.06 Acres
Price / SF$348.26
Days on Market145
Property Features for 104 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
CBD
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 5, Bathroom 2, Basement, Bathroom 6
Interior features
Broadband
Subdivision
Assrs Northville 6
Elementary school
Amerman Elementary School
Middle school
Hillside Middle School
High school
Northville High School
Elementary school district
Northville
Middle school district
Northville
High school district
Northville
Directions
Goto the Center of Downtown Northville and look to your Northeast... you are at the building.
Standard status
Active
APN
48-002-01-0536-000
Size
8,600 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
03E536 LOT 536 ASSESSORS NOR THVILLE PLAT NO 6 T1SR8E L66 P40 WC
Tax Annual Amount
23794
Legal Description
03E536 LOT 536 ASSESSORS NOR THVILLE PLAT NO 6 T1SR8E L66 P40 WC
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1921
Floors in Building
4
Number of units
5
Building materials
Brick
Roof type
Rubber
Listing Agency:
Brandt Real Estate
Listed By:
Keith Brandt
(248) 756-2844
Added: Jun 7
Changed: Oct 22
Last Checked: Oct 29 at 11:06AM
MLS# 26027701
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Dating to 1921, this four-level brick property contains approximately 8,600 square feet of rentable area on a 0.06-acre lot. Renovations were completed in 2017, and the building is fully leased across three primary tenant operations. Its layout can support as many as nine separate units, with a mix of retail, office, studio, and specialty-use spaces. Building features include forced-air heating, central air, broadband, and cable availability.
At 104 W Main Street, the property occupies the northwest corner of Main Street and Center Street in downtown Northville. Municipal parking, pedestrian-oriented streets, restaurants, retailers, offices, and community events contribute to the surrounding downtown setting.
At 104 W Main Street, the property occupies the northwest corner of Main Street and Center Street in downtown Northville. Municipal parking, pedestrian-oriented streets, restaurants, retailers, offices, and community events contribute to the surrounding downtown setting.
Key Highlights
- Approximately 8,600 square feet of rentable area on a 0.06‑acre lot
- Four levels; built in 1921, with renovations completed in 2017
- Fully leased across three primary tenant operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,168
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,043,360
$2.0M
Cap Rate 7%
$1,459,543
$1.5M
Cap Rate 9%
$1,135,200
$1.1M
Market Conditions
NOI Build-Up for 8,600 SF
Gross rent
$185.8K $21.60/SF
− Vacancy
−$22.3K −$2.59/SF
EGI
$163.5K $19.01/SF
− OpEx
−$61.3K −$7.13/SF
NOI
$102.2K $11.88/SF
Area
Wayne County, MI
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,043,360
Cap Rate 7%
$1,459,543
Cap Rate 9%
$1,135,200
Alternative Uses
Best Use
Mixed Use
$1.46M
$1.28M – $1.70M
NOI $102,168 @ 7.0% cap · market cap 3.41%
Second Best
Retail
$1.16M
$1.02M – $1.36M
NOI $81,487 @ 7.0% cap · market cap 2.72%
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.86M
NOI $111,456 @ 7.0% cap · market cap 3.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,387
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 51%
Dining 39%
Shops & Services 11%
Kroger
Groceries
31,846 visits/mo
0.3 miles
Starbucks
Dining
10,595 visits/mo
0.1 miles
Los Tres Amigos
Dining
9,152 visits/mo
0.1 miles
Marathon
Shops & Services
6,065 visits/mo
0.5 miles
Great Harvest Bread Co.
Dining
3,154 visits/mo
0.1 miles
Demographics for 48167, MI
25,071
Population
10,776
Households
2.3
Avg Household Size
43
Median Age
59%
College-Educated
98%
High-School Grad
19.4 sq mi
ZIP Area
1,292
Density / Sq Mi
$118,378
Median Household Income
$68,761
Median Earnings
$1,580
Median Rent
$430,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Its flexible interior can accommodate as many as nine separate occupancies.
Where is this mixed-use property located?
The property is located at 104 W Main Street Northville, MI.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Approximately 8,600 square feet of rentable area on a 0.06‑acre lot; Four levels; built in 1921, with renovations completed in 2017; Fully leased across three primary tenant operations
