12,000 SF New-Construction Multi-Unit Retail Building in Northville

40820 W 7 Mile Rd Northville, MI 48167

40820 W 7 Mile Rd, Northville, MI, 48167
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FOR SALE
Property Type:
Free Standing Building
Amount:
Please Call Broker for Price

Last Verified:
Nov 14, 2024

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Highlights

  • 12,000 SF building with modern appeal
  • 4 units for versatile leasing opportunities
  • Built in 2023 for contemporary functionality
  • Zoned OS for flexible usage
  • Prime location near mixed-use development & major retailers
  • High visibility for increased tenant attraction
  • Potential for maximizing rental income

Description

Introducing a prime investment opportunity! This 12,000 SF building, featuring 4 units, offers a contemporary design and was built in 2023, ensuring modern appeal and functionality. Zoned OS and strategically located in the desirable Northville Community, this property is perfectly positioned to attract a wide range of businesses and maximize rental potential. Capitalize on the chance to own a sought-after commercial space in a thriving market, and secure a valuable asset that promises both stability and growth opportunities.

This prime location in Northville offers excellent demographics/clientele, quick freeway access, and great visibility. The property is minutes from Northville Park Place, a mixed-use development comprised of 275,000 SF with additional land to accommodate future growth. The surrounding area is a shopper's paradise with a variety of retail centers and restaurants, including Trader Joes, Granite City Food & Brewery, Rusty Bucket, Home Depot, J. Alexanders, and Bahama Breeze, making it an ideal destination for retail, medical, or office users. With its strategic placement in the Detroit market, the property presents an exciting opportunity for businesses looking to capitalize on the thriving local community and its steady flow of visitors.


Year Built: 2023
Building Size: 12000sq ft
Lot Size: 1.68 acres


Documents

Brochure

Map of 40820 W 7 Mile Rd, Northville, MI, 48167

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.