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    16455 Northville Rd Northville, MI 48168

    Sponsored
    For Sale
    $899,000

    2.35 Acres, I-1 Zoning, $899,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.35-acre commercial land parcel presents a compelling investment opportunity in the thriving Northville, Michigan market. Located at 16455 Northville Road, this property boasts an I-1 Industrial zoning designation, offering a wide range of potential development options. The site's strategic location provides excellent visibility and accessibility, situated between Novi and Plymouth, two highly desirable communities. Northville itself is known for its vibrant atmosphere, safety, and attractive residential population. The property benefits from a dense residential population exceeding 170,000 within a 5-mile radius, with average household incomes exceeding $130,000 within 1, 3, and 5-mile radii. Its proximity to major transportation arteries further enhances its appeal. Less than 3 miles west of the I-275 and Six Mile Road interchange, and just over a mile from Downtown Northville, this location offers unparalleled convenience and connectivity. The property's APN is 0277054010045004. With its prime location, desirable zoning, and strong demographics, this land parcel represents a rare opportunity for significant return on investment. The asking price is $899,000. Don't miss this chance to acquire a piece of this thriving Michigan community.

    Property Features for 16455 Northville Rd

    General Information

    Property type
    Land
    Lot Size
    102,366 SF

    HighLights

    • 2.35 acres of vacant land fronting Northville Road.
    • Excellent location in the desirable, affluent community of Northville, MI, situated between Novi and Plymouth.
    • High‑density residential area with over 170,000 residents within a 5‑mile radius and average household incomes exceeding $130,000 within 1, 3, and 5‑mile radii.
    • Convenient access to I‑275 and Six Mile Road interchange (under 3 miles) and Downtown Northville (just over 1 mile).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Northville
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4691913
    Latitude
    42.4071848

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    FAQs

    What type of property is this?
    Land - 2.35 Acres, I-1 Zoning, $899,000
    Where is this land located?
    The property is located at 16455 Northville Rd Northville, MI.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: 2.35 acres of vacant land fronting Northville Road.; Excellent location in the desirable, affluent community of Northville, MI, situated between Novi and Plymouth.; High-density residential area with over 170,000 residents within a 5-mile radius and average household incomes exceeding $130,000 within 1, 3, and 5-mile radii.
    Request Owner's contact information
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    Northville, MI 48168
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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
    16455 Northville Rd Northville, MI 48168
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