422 N Center St - Office FOR SALE


Northville, MI 48167
$1,490,000 USD
248-281-9907
422 N Center St, Northville, MI for Sale
$1,490,000 USD
Office - FOR SALE
1/10
null | 5.18% Cap Rate

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

OVERVIEW

422 N Center Street is a fully leased medical office building located in the heart of Downtown Northville. 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. 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. This opportunity 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.

FOR SALE DETAILS

PRICE

$1,490,000 USD

PRICE/SF

$328 USD /SF

CAP RATE

5.18%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

OS

APN/PARCEL ID

48-001-04-0647-000

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.