New Northville Multi-Tenant
For Sale
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40820 W Seven Mile Rd, Northville, MI 48167
Newly constructed retail/office/medical building in affluent Northville, Michigan.
Property Size12,000 SF
Lot Size1.68 Acres
Price / SF$400
Days on Market865
Property Features for 40820 W Seven Mile Rd
General Information
Standard status
Active
Size
12,000 SF
Class
A
Total Parking Spaces
48
Lot size
1.68 Acres
Property subtype
Office, Retail
Zoning
OS
Occupancy
76%
Lease Type
NNN
Net Operating Income
$230,158
Building Details
Year Built
2023
Buildings
1
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
P.A. Commercial Corporate & Investment Real Estate
Listed By:
Matthew Schiffman · License #MI 6501364824
Source:
Crexi
Added: Apr 9, 2024
Changed: Aug 14
Last Checked: Aug 14 at 7:20AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Frequently Asked Questions
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.
