39715 6 Mile RdNorthville, MI 48168

Property Details for 39715 6 Mile Rd

Year built

2002

Lot size

3.28 AC

Property size (Sq ft)

6,926 SF

Zone code

HPUD

Property type

Turn key restaurants

APN

77 049 01 0005 303

APU

77049010005303

Description

This exceptional 6,904 square foot former restaurant is available for purchase at $2,499,000. Located at 39715 6 Mile Rd in Northville, Michigan (zip code 48168), this single-tenancy property sits on a 3-acre lot and boasts an impressive 218 feet of frontage along 6 Mile Road. The property is zoned for retail commercial use and benefits from its strategic location within a high-traffic trade area. A significant advantage is its proximity to a Kroger Power Center, ensuring high visibility and consistent foot traffic. The sale includes a valuable liquor license, presenting a unique opportunity for a variety of food and beverage businesses. The building's substantial size offers ample space for a restaurant, or potential redevelopment into other retail uses. This is a turnkey opportunity for an investor seeking a high-potential property in a prime Northville location within Oakland County. The property's size, location, and included liquor license make it an attractive investment prospect. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,742,902

  6.5%

  $1,608,833

  7%

  $1,493,916

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,632,602

  Geo Method

  $1,632,602

• Alternative Use

  Use

  Valuation

  Residential

  $1,357,111

  Hospitality

  $1,243,106

  Educational

  $1,034,250

  Medical

  $1,069,819

  Retail

  $1,608,833

Location Insight

City

Northville

County

Wayne

State

Michigan

Latitude

42.4103

Longitude

-83.4359

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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