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Downtown Redevelopment Office Site
For Sale
$695,000

242 S Center Street, Northville, MI 48167

Commercial land parcel on Center Street across from The Downs mixed-use redevelopment in downtown Northville.

Property Size1,719 SF
Lot Size0.25 Acres
Days on Market81

Property Features for 242 S Center Street

General Information

Standard status Active
Size 1,719 SF
Class C
Lot size 0.25 Acres
Property subtype Office

Building Details

Building Size 1,719 SF
Year Built 1900
Listing Agency: Thomas Duke Company
Listed By: Eric Szerlag · License #6502342846
Source: Thomasduke
Added: Jun 2 Changed: Aug 20 Last Checked: Aug 21 at 4:34AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Thomas Duke Company

Investment Insights

Based on property information with market context.

The property is a 0.25-acre commercial land parcel located on Center St in downtown Northville. Public remarks indicate the site offers an opportunity for rezoning to align with large-scale development along this corridor, and may suit an owner-user or an investor with longer-term redevelopment plans.

The site is directly across the street from “The Downs,” a mixed-use redevelopment of the former Northville Downs Racetrack. Its location along Center St places it immediately opposite the redevelopment.

This offering is structured as a for-sale property and is presented as land for future development or redevelopment in coordination with planned corridor changes.

Key Highlights

  • 0.25‑acre commercial land parcel on Center St in downtown Northville
  • Located directly across the street from “The Downs” mixed‑use redevelopment
  • Property is positioned along a corridor noted for large‑scale development and may support rezoning

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Pharmacy Electrical Service Grocery & Convenience Store Auto Parts Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,369
Businesses Nearby

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Commercial land parcel on Center Street across from The Downs mixed-use redevelopment in downtown Northville.
Where is this office building located?
The property is located at 242 S Center Street Northville, MI.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 0.25‑acre commercial land parcel on Center St in downtown Northville; Located directly across the street from “The Downs” mixed‑use redevelopment; Property is positioned along a corridor noted for large‑scale development and may support rezoning
More about this property
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