Property summary
This exceptional 1.54-acre commercial light industrial property in Northville, MI, presents a rare opportunity. Located within city limits, the property boasts a substantial 1,046 square foot main building, ideal for a small business requiring ample storage and workspace. A key feature is the inclusion of a large workshop and a separate pole barn, both equipped with oversized access doors and durable cement flooring, perfect for equipment storage and operations. A single-car garage provides additional secure storage space. The property also offers a generous parking area, accommodating vehicles and equipment with ease. While a home is situated on the property, it requires significant renovation to become habitable. The property's zoning as commercial light industry makes it suitable for a variety of uses, offering flexibility for potential buyers. The convenient location within Northville city limits provides easy access to local amenities and transportation routes. This is a unique opportunity to acquire a versatile industrial property with significant potential. The asking price is $650,000. A land contract is currently available.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The Performance Regulated Industrial District 1 describes a light industrial and manufacturing zoning district in which manufacturing and related operations have few if any adverse impacts on adjoining properties
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
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PR-1 · Northville, MIThe Performance Regulated Industrial District 1 describes a light industrial and manufacturing zoning district in which manufacturing and related operations have few if any adverse impacts on adjoining properties
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The Performance Regulated Industrial District 1 describes a light industrial and manufacturing zoning district in which manufacturing and related operations have few if any adverse impacts on adjoining properties
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PR-1 in Northville, MI.
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