Log In/Sign Up
Your email has been sent.
422 N Center St 4,536 SF 100% Leased Office Building Northville, MI 48167 $2,063,516 CAD ($454.92 CAD/SF) 5.18% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% leased to VillageMD, a well-established healthcare operator
- Situated in one of Michigan’s most affluent suburban markets
- 4,500 SF two-story building with efficient exam and administrative layouts; renovated in 2004
- Multi-tenant configuration with minimal landlord responsibilities
- $158K+ average household income and over 10,600 seniors within 3 miles
- Prominent monument signage and 28 on-site parking spaces
EXECUTIVE SUMMARY
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.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
4,536 SF
Building Class
B
Year Built/Renovated
1974/2004
Price
$2,063,516 CAD
Price Per SF
$454.92 CAD
Cap Rate
5.18%
NOI
$106,878 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,536 SF
Building FAR
0.47
Lot Size
0.22 AC
Zoning
OS
Parking
28 Spaces (6.17 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 48-001-04-0647-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $386,878 CAD |
PROPERTY TAXES
Parcel Number
48-001-04-0647-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$386,878 CAD
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
422 N Center St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.