625 Griswold St, Northville, MI 48167-1667
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.
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
PR-1 · Northville, MINorthville. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.