New Northville Multi-Tenant
40820 W Seven Mile Rd, Northville, MI 48167
Newly constructed retail/office/medical building in affluent Northville, Michigan.
Type:Office, Retail
Property size:
12,000 SFLot size:
1.68 AcresPrice / SF:
$400/SF- Added:
- Apr 9, 2024
- Days on Market:
- 773
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 40820 W Seven Mile Rd
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 1.68 Acres
- Property subtype
- Office, Retail
Building Details
- Year Built
- 2023
Listing agent Matthew Schiffman License #MI 6501364824
Listing office P.A. Commercial Corporate & Investment Real Estate
Listing date Apr 9, 2024
Source Crexi
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 P.A. Commercial Corporate & Investment Real Estate
HighLights
- Newly constructed (2023) multi‑tenant retail/office/medical building in affluent Northville, Michigan.
- 76% occupied by three reputable healthcare tenants under long‑term NNN leases.
- Stable, predictable income with minimal landlord responsibilities due to NNN leases and renewal options.
- Value‑add potential with 2,810‑square‑foot suite available for lease.
- Located on highly visible 7 Mile Road with strong traffic counts and easy access to major freeways and Northville Park Place.
- High average household income indicates a strong local demographic base.
Overview
The property at 40820 W 7 Mile Road is a newly constructed (2023) 11,746-square-foot multi-tenant building located in Northville, Michigan. The building is suitable for retail, office, or medical tenants. Situated in one of Metro Detroit’s affluent and rapidly expanding suburban markets, the property is 76% occupied by three healthcare tenants: Maybury Dental Spa, Athletico Physical Therapy, and Best Life N of 1. These tenants are secured under long-term NNN leases with two five-year renewal options. The remaining 2,810-square-foot suite offers value-add potential, with the ability to increase projected annual income from $230,158 to $303,219 by 2026, once fully leased. Built with modern architectural design and high-quality construction, the property sits on 1.68 acres zoned OS (Office Service). Located along the highly visible 7 Mile Road corridor, the asset provides access to major freeways, strong daily traffic counts, and proximity to Northville Park Place, a 275,000 SF shopping & dining destination with national retailers including Trader Joe’s, Granite City Food & Brewery, Jimmy Johns, and Orangetheory Fitness. The surrounding area features an average household income of $133,409 within three miles.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Athletico Physical Therapy ...
Physician
Maybury Dental Spa
Dental Office
Similar Places Nearby
- VetIQ Petcare — 20401 Haggerty Rd, Township of Northville, MI 48167
Location Insight
- Map
- Local Demand
- City
- Northville
- County
- Wayne
- State
- Michigan
- Longitude
- -83.4468549
- Latitude
- 42.4245987
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Newly constructed retail/office/medical building in affluent Northville, Michigan.
Where is this medical office space located?
The property is located at 40820 W Seven Mile Rd Northville, MI.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Newly constructed (2023) multi‑tenant retail/office/medical building in affluent Northville, Michigan.; **76% occupied by three reputable healthcare tenants under long‑term NNN leases.**; Stable, predictable income with minimal landlord responsibilities due to NNN leases and renewal options.
