Novi, MI Commercial Real Estate for Sale

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Wixom, MI South Lyon, MI Northville, MI Walled Lake, MI Commerce Township, MI Farmington Hills, MI Milford, MI Farmington, MI

53 properties

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Updated: Feb 20

Corner Commercial Land Parcel

9 Mile Road, Novi, MI 48375

$2,200,000

2.33 AC lot

2.33‑acre commercial land parcel in Novi
Northwest corner of 9 Mile Road and Haggerty Road
Natural gas available
Public water service
Surrounded by dense residential neighborhoods

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Updated: Jun 3, 2024

Commercial Development Parcel

45800 GRAND RIVER Avenue, Novi, MI 48374

$1,200,000

2.00 AC lot

2‑acre commercial land parcel
180 feet of frontage on Grand River
Directly beside Suburban Showplace
New zoning allows mixed‑use development up to 8 stories
Public water service

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Town Center Commercial Land

Novi Rd lot: 12,13, Novi, MI 48375

$514,500

0.23 AC lot

TC-zoned commercial site across from Novi Town Center with build-to-suit potential and nearby retail activity.

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Multi-Tenant Retail Shopping Center

24025-24095 Meadowbrook Road, Novi, MI 48375

$5,250,000

24,949 sqft 2.70 AC lot

Multi-tenant retail building on a 2.7-acre site with 172 surface parking spaces in a dense retail corridor.

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Headquarters Manufacturing Facility

42925 W 9 Mile Rd, Novi, MI 48375

$3,850,000

30,030 sqft 8.16 AC lot

Industrial shop includes skylights, a 10-ton bridge crane, and one overhead door with freeway access.

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Single Story Office/Medical Building

24245 Karim Boulevard, Novi, MI 48375

$1,350,000

18,370 sqft

18,370 SF office/medical building, west of Haggerty Road.

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Sprinklered Warehouse with Overhead Doors

41001 Grand River Ave, Novi, MI 48375

$3,950,000

34,581 sqft

Fully sprinklered warehouse offering 24-foot clear height, five overhead doors, and a 1,000-amp 480-volt power service.

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Town Center Retail Property

25806 Novi Road, Novi, MI 48375

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6,200 sqft

Retail property with Novi Road frontage and TC-1 Town Center-1 zoning.

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Multi-Tenant Strip Mall

24033-24099 Meadowbrook Rd, Novi, MI 48375

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24,949 sqft 2.70 AC lot

Retail property offering multiple tenant spaces and substantial surface parking in a dense Novi commercial corridor.

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Direct Entry Office Building

23975 Novi Road, Novi, MI 48375

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6,140 sqft

New office buildings offering direct-entry suites suitable for general office or medical use.

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Medical and Office Suites

23895 Novi Rd, Novi, MI 48375

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14,127 sqft

Two-building office offering with frontage and signage on Novi Road near a signalized intersection.

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Office Building Investment Property

23895 Novi Road, Novi, MI 48375

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8,127 sqft

Well-sized office building offered for sale with stated cap rate and total building area.

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Flex Industrial Facility with Dock Access

41369 VINCENTI CT, Novi, MI 48375

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12,446 sqft

Light Industrial-zoned facility combines office space with air-conditioned shop space and grade-level and dock loading.

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Medical Office Suite with Parking

39525 W. 14 Mile Road, Novi, MI 48377

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2,330 sqft

Former dental suite offers 2,330 SF for medical or professional tenants with ample on-site parking.

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Office Flex Showroom Suite

39525 W 13 Mile Rd, Novi, MI 48377

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8,000 sqft

Class A office flex suite with building signage and convenient access to major expressways.

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Multi-Tenant Industrial Building

44480 Grand River Ave, Novi, MI 48375

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14,260 sqft

Industrial zoning and a seven-unit layout allow for occupancy across multiple spaces.

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Fire-Suppressed Warehouse

22700 Heslip Dr, Novi, MI 48375

$4,700,000

44,474 sqft 4.63 AC lot

I-1-zoned warehouse with multiple loading docks and a fully fire-suppressed building.

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High-Visibility Development Site

26821 Meadowbrook Road, Novi, MI 48377

$1,599,000

14.50 AC lot

High-visibility vacant land development site zoned OST with access to I-96 and quick connectivity to M-5.

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Single-Story Office Building

23875 & 23895 Novi Rd, Novi, MI 48375

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2,200 sqft

Office building offered for sale with stated 7.42% cap rate and approximately 6,000 square feet of space.

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Multi-Tenant Retail Entertainment Venue

25750 Novi Road, Novi, MI 48375

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26,150 sqft

Multi-tenant retail center with a fully built-out bar/nightclub/entertainment venue and an outdoor patio on the second level.

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Turn-Key Coffee Shop

25875 Novi Rd, Novi, MI 48375

$49,000

2,231 sqft

Remodeled coffee and tea shop with included equipment and a lease extending through December 2028.

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High-Visibility Office and Medical Building

42450 W 12 Mile Rd, Novi, MI 48377

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25,500 sqft

Office and medical suites available with immediate occupancy and ample parking on W 12 Mile Road in Novi.

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Former Bank Branch with Drive-Thru

23890 Novi Rd, Novi, MI 48375

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2,976 sqft 1.06 AC lot

Former bank branch with a three-lane drive-thru, bright lobby, and efficient teller counter layout on a 1.06-acre corner lot.

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Prime 3.67 Acre Property

46795 Twelve Mile Road, Novi, MI 48377

$700,000

3.67 AC lot

Located in high-income area with strong regional accessibility.

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Novi, MI Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Novi, MI, showcased through 53 active listings on our real estate platform. These investment opportunities span a total of 976,056 square feet of properties for sale, with an estimated market value of $33,096,005.

Sale prices for business properties in Novi, MI start at $37,500, averaging $1,838,666, and reaching up to $5,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Novi, MI CRE market trends — vacancy, lease rates and price per SF, updated monthly

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Demographics Overview

Population 62K

Population Growth (5Y) +11.9%

Median Household Income $124,389

College Educated 67.9%

High-Yield Neighborhoods for Investment

Identify Novi submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
48377	$1M
48375	$1.6M
48374	$2.7M

Taxes & Financing

Tax Rate (average for all types) 4.06%

Property Tax per SF $88.65 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Oakland County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Novi fall within the 100,000+ square foot range.

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