550 7th Mile Rd, Northville, MI 48167-1640
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GCD · Northville, MINorthville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.