Individually Owned Property summary
This exceptional 2.26-acre commercial land parcel presents a unique investment opportunity in the thriving city of Northville, Michigan. Located at 550 Seven Mile Road, this property boasts a highly desirable General Commercial District (GCD) zoning designation, offering a wide range of development possibilities. The asking price is $2,250,000, translating to approximately $995,575.22 per acre. Its strategic location near the intersection of Seven Mile Road and S. Main Street ensures high visibility and accessibility. The site benefits from its proximity to downtown Northville, providing easy access to a vibrant community and established infrastructure. Furthermore, its adjacency to Hines Drive enhances its connectivity and appeal. This property's history as the former McDonald Ford site adds to its unique character and potential. The parcel's APN is 48-004-02-0112-301. This is an outstanding opportunity to acquire a significant commercial land holding in a prime Northville location, ideal for a variety of commercial ventures. The property's size and zoning make it suitable for a wide range of development projects, capitalizing on the area's strong economic growth and desirable location. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The General Commercial District is designed to provide sites for more diversified and intensive business types and are often located to serve higher volumes of automobile traffic
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GCD · Northville, MIThe General Commercial District is designed to provide sites for more diversified and intensive business types and are often located to serve higher volumes of automobile traffic
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The General Commercial District is designed to provide sites for more diversified and intensive business types and are often located to serve higher volumes of automobile traffic
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GCD in Northville, MI.
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