Property profile

625 Griswold St Northville, MI 48167

OFF-MARKET
Industrial properties
Property ID
US43-1012511
1,046 SF 1.54 ac lot
Individually Owned Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Total area 1,046 SF
Lot 1.54 ac (67,082 SF)
Zoning code PR-1
APN 48 001 03 0745 000
UPID US43-1012511

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

625 Griswold St Northville, MI 48167-1667
Northville metro Census 560100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$290k

Owner & transaction history

Zoning & alternative use

PR-1 · Northville, MI
Zoning description

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

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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