Property profile

342 Main St Northville, MI 48167

OFF-MARKET
Commercial real estate
Property ID
US43-0404840
3,591 SF 0.32 ac lot
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional executive office suite, located at 342 E Main St in Northville, MI, offers 2,135 square feet of sophisticated workspace in a newly constructed (2024) two-story building. The single-tenant space boasts a contemporary design and is situated on a 0.318-acre lot within the desirable Southern I-275 Corridor, zoned CBD. The building's total square footage is 4,144 square feet. Enjoy a private balcony overlooking the new Northville Downs mixed-use development, providing stunning views and a unique work environment. Ample on-site parking is available for convenience. Inside, the suite features a well-appointed kitchenette and bathroom on each of its two floors. The property's address is 342 E Main St, Northville, MI 48167, at the intersection of E Main St and S Griswold St, in Wayne County. This location offers easy access to major roadways and amenities. The modern aesthetic and functional layout create an inviting atmosphere, perfect for businesses seeking to impress clients and provide employees with a comfortable and productive workspace. This is a rare opportunity to secure a premium office space in a thriving Northville location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction TYPE NOT SPECIFIED
Total area 3,591 SF
Lot 0.32 ac (13,939 SF)
Zoning code CBD
APN 48 004 02 0018 000
UPID US43-0404840

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

342 Main St Northville, MI 48167-1697
Northville metro Census 560100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$655k
Comparable Approach Comparable
$702k
Blend (final) Blend
$630k

Owner & transaction history

since 2022
Last sale
$500,000
1 recorded transaction
2022
$500,000

Zoning & alternative use

CBD · Northville, MI
Zoning description

The purpose of the Central Business District is to create an area of high intensity urban conditions providing convenient and accessible goods and services within an aesthetically pleasing environment

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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