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    Property profile & analytics
    FOR SALE
    Commercial land

    40820 W 7 Mile Rd, Northville, MI 48167

    1.64 ac lot
    Entity Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0001142
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1.64 ac (71,438 SF)
    Zoning code OS
    APN 77 003 01 0082 300
    UPID US43-0001142
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Athletico Physical Therapy - Northville Physician
    • Maybury Dental Spa Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Js Medical LLC · 3 yrs held
    Js Medical LLC
    since 2022
    Last sale
    $205,000
    7 recorded transactions
    2022
    2021
    2017
    $205,000
    2016
    2015
    2012
    2012
    Zoning & alternative use
    OS · Northville, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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