Property profile

201 Main St Northville, MI 48167

OFF-MARKET
Banks
Property ID
US43-0364439
4,726 SF 0.16 ac lot Built 1988
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,458-square-foot office space is situated in the heart of charming Downtown Northville, at the highly visible corner of East Main and Hutton Streets. The single-story building, constructed in 1988 and extensively renovated in 2024, offers a bright and adaptable layout perfect for various professional uses. The suite boasts an open reception area, three private offices, a newly renovated restroom, and a kitchen. Natural light floods the space, creating a welcoming and productive environment. The property features a 10'6" ceiling height and is part of a larger building totaling 6,025 square feet with two suites. The entire building sits on a 0.16-acre lot and includes on-site parking. The space is immediately available and zoned for Central Business District (CBD) use within Wayne County, Michigan, and is easily accessible via its prominent street-level entrance. The property's location within the Northville Plymouth Novi submarket cluster provides excellent access to amenities and a strong local workforce. The minimum divisible space is 1,458 square feet, which is also the maximum contiguous space available. The building's load factor is 1. Property ID: 48-001-04-0718-024.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1988
Total area 4,726 SF
Lot 0.16 ac (6,970 SF)
Zoning code CBD
APN 48 001 04 0718 024
UPID US43-0364439

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Counselor
  • Dental Office
  • Dental Office
  • Crisis Center Medical Clinic

Location

201 Main St Northville, MI 48167-2671
Northville metro Census 560100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.89M

Owner & transaction history

since 2023
Last sale
$1.9M
3 recorded transactions
2023
$1.9M
2008
Price N/A
2008
$1.5M

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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