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42975 Mill St
Northville, MI 48168
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Fully-climatized, newly constructed facility delivered with COO by end of July, 2025
- Population 178k with 5.1% growth forecasted for the next three years
- Tax reimbursement of $138k/year for the next seven (7) years
- Undersupplied market (6.71 and 7.5 NRSF/Capita per Radius+ and StorTrack, respectively)
- Excellent rent market and Average HHI is $165k
- Tax protected: Assessed value for the land and improvements are locked in for the next 12 years
EXECUTIVE SUMMARY
On behalf of Ownership, Friedman is proud to bring this Class A fully-climatized Self-Storage facility to market. This is new construction that will be completed shortly and will have its Certificate of Occupancy by August 1. The facility is located Northville, MI which does not have other climatized facilities and won’t be allowing new facilities going forward. This is a unique opportunity to have new build in an ideal market without going through any of the zoning, permitting, and development stages.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Rentable Building Area | 61,744 SF |
| Cap Rate | 8.25% | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1925/2026 |
| Property Type | Industrial | Clear Ceiling Height | 35’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 3 |
| Building Class | A | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 6.40 AC | ||
| Zoning | I-1 - Industrial | ||
| Sale Type | Investment or Owner User |
| Cap Rate | 8.25% |
| Sale Condition | Business Value Included |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | A |
| Lot Size | 6.40 AC |
| Rentable Building Area | 61,744 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1925/2026 |
| Clear Ceiling Height | 35’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-1 - Industrial |
AMENITIES
- Signage
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
ABOUT 42975 MILL ST , NORTHVILLE, MI 48168
On behalf of the Seller, Friedman is proud to bring this newly-constructed Extra Space Self-Storage facility to market. The 57k NRSF Self-Storage facility opened on September 19th in prestigious Northville. this will be the only large Self-Storage facility in Northville and the last Self-Storage facility allowed in the town. Buyers should also know that there is 2.35 acre lot to the North available for sale, the Seller’s construction loan is assumable (with additional draw, and incredibly favorable terms), and the property will receive a $138k tax reimbursement for the next SEVEN YEARS!
PROPERTY TAXES
| Parcel Number | 77-054-01-0046-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $547,772 CAD |
PROPERTY TAXES
Parcel Number
77-054-01-0046-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$547,772 CAD
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