Fully Leased Medical Building | National Credit Tenant in Place
422 N Center St
Northville, MI 48167
Highlights
- 100% leased to VillageMD, a well-established healthcare operator
- Multi-tenant configuration with minimal landlord responsibilities
- Situated in one of Michigan’s most affluent suburban markets
- $158K+ average household income and over 10,600 seniors within 3 miles
- 4,500 SF two-story building with efficient exam and administrative layouts; renovated in 2004
- Prominent monument signage and 28 on-site parking spaces
- Just 15 minutes to Henry Ford Providence Novi Hospital
- Surrounded by complementary retail uses
- Seller financing available
Description
422 N Center Street is a fully leased medical office building located in the heart of Downtown Northville, one of Southeast Michigan’s most affluent and desirable communities. This 4,500 SF two-story medical office building is 100% occupied by VillageMD, a leading regional healthcare provider specializing in primary care and patient-focused medical services. The property offers investors the opportunity to acquire a stabilized, income-producing asset in a premier suburban Detroit location with exceptional demographics and strong long-term fundamentals.
Originally constructed in 1974 and renovated in 2004, the building sits on a 0.22-acre parcel with 28 on-site parking spaces, providing convenient access for patients and staff. The building’s efficient layout includes exam rooms and patient areas on the main level, with administrative offices and staff facilities on the lower level. A prominent monument sign and frontage on busy Center Street ensure excellent visibility and brand exposure in a high-traffic corridor.
This investment offers stable cash flow backed by a high-credit tenant, minimal near-term capital needs, and strong market fundamentals. Seller financing is available, making this a rare opportunity to acquire a turnkey medical investment property in one of Michigan’s most sought-after healthcare and residential markets.
Strategically positioned within the Southern I-275 Corridor submarket, the property is just 15 minutes from Henry Ford Providence Novi Hospital and surrounded by a robust network of medical, retail, and residential developments. The immediate trade area boasts outstanding demographics, with an average household income of $158,457 and a population of over 60,000 within three miles, including 10,665 residents aged 65 and older—a key driver for sustained medical service demand.
The City of Northville is a distinctive community of approximately 6,000 residents located on the western edge of metro Detroit in 2.2 square-mile area equally divided between Wayne and Oakland Counties. It is a short drive (about 30 minutes) from downtown Detroit and downtown Ann Arbor. Northville has a thriving business community with a blend of professional services, retail and cultural venues.
