16855 Haggerty RdNorthville, MI 48168

Property Details for 16855 Haggerty Rd

Year built

1995

Lot size

2.82 AC

Property size (Sq ft)

19,294 SF

Zone code

B-3

Property type

Retail properties

Property subtype

Strip malls

APN

77 049 01 0001 311

APU

77049010001311

Description

Arbor Place Plaza, a multi-tenant commercial building in Wayne County, offers a prime medical office space for lease. This 1,600 square foot unit is part of a larger 15,062 square foot building constructed in 1995. The property boasts excellent visibility and accessibility, situated near the intersection of Six Mile and Haggerty Roads with pylon signage opportunities. The building enjoys a strong retail synergy, sharing the plaza with established businesses such as CVS Pharmacy, Bank of America, Kroger, Home Depot, Costco, Kohls, and Target. This location benefits from a high density of residential and daytime population within its immediate trade area. The building provides ample parking with 71 spaces available. The space is easily adaptable, allowing for customization to meet specific tenant requirements; expansion or division of the space is possible. The property's proximity to Laurel Park Place, Schoolcraft Community College, and the University of Michigan's Northville Health Center further enhances its appeal and accessibility. This is an exceptional opportunity for a medical practice seeking a well-located, established space within a thriving commercial center.

• CAP approach

  CAP return

  Valuation

  6%

  $4,855,263

  6.5%

  $4,481,782

  7%

  $4,161,654

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,547,997

  Geo Method

  $4,547,997

• Alternative Use

  Use

  Valuation

  Residential

  $3,780,550

  Hospitality

  $3,462,964

  Educational

  $2,881,145

  Medical

  $2,980,232

  Retail

  $4,481,782

Location Insight

City

Northville

County

Wayne

State

Michigan

Latitude

42.4096

Longitude

-83.4335

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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