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    40820 7 Mile Rd Northville, MI 48167

    Sponsored
    For Sale
    $5,000,000

    12,000 SF, Multi-Tenant, NNN Lease

    Property size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 12,000-square-foot Class A medical office and storefront complex, located at 40820 W Seven Mile Rd in Northville, Michigan, presents a compelling investment opportunity. Built in 2023, this single-story building boasts a contemporary design and offers four units, currently 77% occupied, with one remaining 2,810-square-foot suite available for lease. The property features a flexible layout adaptable to various business needs, making it ideal for medical practices, retail businesses, or a combination thereof. Situated on a 1.68-acre lot, the building benefits from high visibility and a prime location near mixed-use developments and major retailers in Wayne County, Michigan. The OS zoning allows for diverse usage options. The asking price is $5,000,000, with a price per square foot of $1. The property's modern appeal, versatile leasing opportunities, and strategic location offer significant potential for maximizing rental income. Neighboring tenants include Athletico Physical Therapy and Maybury Dental, further enhancing the property's desirability. This is a rare opportunity to acquire a newly constructed, multi-tenant property in a thriving Northville market. The zip code is 48167.

    Property Features for 40820 7 Mile Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,000 SF
    Class
    A
    Lot Size
    73,181 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1
    Units
    4

    HighLights

    • 12,000 SF modern building.
    • Four units offer versatile leasing options.
    • 2023 construction with contemporary features.
    • OS zoning allows flexible use.
    • Excellent location near mixed‑use development and major retailers.
    • High visibility ensures strong tenant appeal.
    Property Profile Location Intelligence

    Current Use by Public Records

    Athletico Physical Therapy ... Physical Therapist Maybury Dental Spa Dentist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Northville
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4489304
    Latitude
    42.4243875

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    FAQs

    What type of property is this?
    Individual retail property - 12,000 SF, Multi-Tenant, NNN Lease
    Where is this individual retail property located?
    The property is located at 40820 7 Mile Rd Northville, MI.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: 12,000 SF modern building.; Four units offer versatile leasing options.; 2023 construction with contemporary features.
    Request Owner's contact information
    40820 7 Mile Rd Northville, MI 48167
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    Northville, MI 48167
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40820 7 Mile Rd Northville, MI 48167
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