40820 7 Mile Rd - Medical FOR SALE


Northville, MI 48167
$4,800,000 USD
248-281-9907
40820 7 Mile Rd, Northville, MI for Sale
$4,800,000 USD
Medical - FOR SALE
1/8
null | 4.79% Cap Rate

40820 7 Mile Rd
Northville, MI 48167


HIGHLIGHTS

  • 11,746 SF retail/office/medical building with contemporary design and high-quality finishes
  • 76% occupied by three established healthcare tenants
  • Long-term NNN leases in place with two five-year renewal options each
  • One 2,810 SF suite is currently available, offering the ability to increase annual income
  • Located in Northville, one of Metro Detroit’s most affluent suburbs
  • Offers investors a turnkey, low-maintenance asset with stable cash flow, healthcare tenancy, and upside potential

OVERVIEW

40820 W 7 Mile Road, a newly constructed (2023) 11,746-square-foot multi-tenant retail/office/medical building located in Northville, Michigan, one of Metro Detroit’s most affluent and rapidly expanding suburban markets. The property is 76% occupied by three reputable healthcare tenants - Maybury Dental Spa, Athletico Physical Therapy, and Best Life N of 1. Each is secured under long-term NNN leases with two five-year renewal options, providing investors with stable, predictable income and minimal landlord responsibilities. The remaining 2,810-square-foot suite offers significant value-add potential, with the ability to increase projected annual income from $230,158 (in-place) to $303,219 (fully leased) by 2026. Built with modern architectural design and high-quality construction, the property sits on 1.68 acres zoned OS (Office Service), offering flexibility for medical, office, or professional service tenants. Located along the highly visible 7 Mile Road corridor, the asset provides excellent access to major freeways, strong daily traffic counts, and proximity to Northville Park Place, a 275,000 SF shopping & dining destination with national retailers including Trader Joe’s, Granite City Food & Brewery, Jimmy Johns, and Orangetheory Fitness. The surrounding area features an average household income of $133,409 within three miles, underscoring the strength and stability of the local demographic base. With its combination of new construction, long-term NNN leases, and strong market fundamentals, 40820 W 7 Mile Road represents a turnkey, low-maintenance investment positioned for steady cash flow and long-term appreciation in one of southeast Michigan’s most desirable submarkets.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$400 USD /SF

CAP RATE

4.79%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

OS

APN/PARCEL ID

77-003-01-0053-000

ASK ABOUT THIS PROPERTY

Matt SchiffmanP.A. Commercial, LLCMore Info
248-281-9907

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Matt SchiffmanP.A. Commercial, LLCMore Info
248-281-9907

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.