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Approved Apartment Development Site
For Sale
$1,250,000

42261 7 Mile Road, Northville, MI 48167

55-unit apartment development site on 7 Mile Road.

Property Size13,818 SF
Days on Market181

Property Features for 42261 7 Mile Road

General Information

Standard status Active
Size 13,818 SF
Property subtype Retail

Building Details

Building Size 13,818 SF
Listing Agency: Thomas A. Duke Company
Listed By: Mark Szerlag · License #6502342846
Source: Thomasduke
Added: Mar 27 Changed: Sep 23 Last Checked: Sep 22 at 3:21PM

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 A. Duke Company

Investment Insights

Based on property information with market context.

This property is a site planned approved apartment development with 55 units. It is located on 7 Mile Road, just outside of downtown Northville, specifically on the south side of 7 Mile Road, east of Main Street.

Key Highlights

  • Approved apartment development site ready for your project.
  • 55 unit development opportunity.
  • Located on 7 Mile Road.

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Restaurant Parking Lot & Garage Food Market Grocery & Convenience Store Law Firm Nail Salon

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

221
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - 55-unit apartment development site on 7 Mile Road.
Where is this residential land & home lot located?
The property is located at 42261 7 Mile Road Northville, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approved apartment development site ready for your project.; 55 unit development opportunity.; Located on 7 Mile Road.
More about this property
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