51305 7 Mile Rd, Northville 48167

$1,790,000

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MLS#: 215095083
• For Sale
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248-304-6700

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Mon-Fri 9am-9pm Sat/Sun 9am-7pm

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Brand New Strip Mall-"Northville Gateway"- This Is a great opportunity to own a very aesthetically appealing Strip Center I highly desirable Northville. The only business district site within 2 miles of large residential developments. This area of Northville ( already high and demand due to schools and community) That will see the most residential develop over the next 5 years. In addition, nearby Salem Township has very limited business zoning. This Strip mall is the gateway to Northville. Many units have been built-out and are ready to lease. Cap rate represents potential rate at 100% leased with greatly discounted rates. The potential to achieve greater than 10% cape rate is huge. This NEW strip center has the C of O and also comes with SDM & SDD liquor licenses. Newly Coated and striped parking lot, Brand New HVAC units, NEW landscaping, NEW Lighting... This is a real estate investors dream.

Property Information    

Status
Active 
Address
51305 7 Mile Rd 
City
Northville 
Zip
48167 
Year Built
2006 
Business Type
Medical, Office, Retail, Service 
Listing Date
09/01/2015 
Architecture
1 Story 
County
Wayne 
Above Grade SqFt
15,000 
Possession
At Close 
Price/SqFt
119.33 

School Information

School District
Northville 

Taxes

Summer Taxes
$9,212 
Winter Taxes
$7,820 

Features

Current Use
Northville Gatway Strip Center 
Comm. Office Space
1100 
Zoning
Commercial 
Sub Property Type
Commercial 
Licenses
Beer & Wine License, Liquor License 
Office Heat
Central Air, Exhaust Fan, Forced Air, Zoned 
Plant Heat
Other 
Heating
Forced Air, Gas, Other, Zoned 

Listing Video for 51305 7 Mile Rd, Northville MI 48167

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Listing Broker

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Listing Courtesy of Remerica Integrity Ii
Office Address 41000 Seven Mile Ste 105