Conventional Restaurant

Novi, MI Conventional Restaurants for Sale

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Wixom, MI South Lyon, MI Northville, MI Walled Lake, MI Commerce Twp, MI Farmington Hills, MI Milford, MI Farmington, MI
Turnkey Middle Eastern Restaurant
Updated: Jul 9
Turnkey Middle Eastern Restaurant

41490 GRAND RIVER Avenue Unit SourceFi, Novi, MI 48375

$174,900
4,956 sqft
Middle Eastern restaurant for sale in Novi’s new construction plaza
Restaurant has been operating for 10 years
Fully equipped kitchen included
Includes a dining area and all necessary fixtures for operation
No pool
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Turnkey Middle Eastern Restaurant
Updated: May 27
Turnkey Middle Eastern Restaurant

41490 GRAND RIVER Avenue Suite A, Novi, MI 48375

Contact for pricing
4,956 sqft
Middle Eastern restaurant for sale in Novi in a new construction plaza
Turnkey setup with a fully equipped kitchen
Dining area with complete buildout and necessary fixtures
Operating successfully for 9 years
Established business opportunity listing indicates consistently strong performance
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Fully Equipped Korean Restaurant
Fully Equipped Korean Restaurant

39743 Grand River Avenue, Novi, MI 48375

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2,600 sqft

Fully equipped Korean restaurant for sale with an on-premise liquor license included in Oakland County.

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Restaurant With Outdoor Seating
Restaurant With Outdoor Seating

39915 Grand River Ave, Novi, MI 48375

$37,500
21,642 sqft

Deli space with commercial refrigeration, a walk-in cooler, and a kitchen arranged for high-volume food service.

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Turnkey Korean Restaurant
Turnkey Korean Restaurant

39743 Grand River Ave, Novi, MI 48375

$170,000

Turnkey Korean restaurant with a fully equipped kitchen, located on Grand River Ave with visibility and parking.

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 5 Active listings in Novi, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Former Freestanding Restaurant
Former Freestanding Restaurant

38300 W 10 Mile Rd, Farmington, MI 48335

Contact for pricing
3,500 sqft

Freestanding restaurant site with visibility from 10 Mile and Grand River, near a major freeway interchange.

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Conventional Restaurant Property
Conventional Restaurant Property

602 N Pontiac Trail, Walled Lake, MI 48390

Contact for pricing
1,525 sqft

The building dates to 1974.

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Mixed-Use Building in Downtown Farmington
Mixed-Use Building in Downtown Farmington

32821-32905 Grand River Ave, Farmington, MI 48336

Contact for pricing
9,584 sqft 0.76 AC lot

Two-story mixed-use building with restaurant and apartments in Farmington, MI.

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Lakefront Restaurant and Retail Building
Lakefront Restaurant and Retail Building

725 E. Walled Lake Drive, Walled Lake, MI 48390

Contact for pricing
0.25 AC lot

Freestanding restaurant and retail building on a quarter-acre lot with 90 feet of lake frontage and 19 parking spaces.

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Novi, MI Conventional Restaurants Market Trends and Statistics

Explore 5 conventional restaurants for sale in Novi, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 34,154 square feet of properties for sale, with an estimated market value of $382,400.

Sale prices for conventional restaurants in Novi, MI start at $37,500, averaging $127,466, and reaching up to $174,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Conventional restaurants 8
Bars & Pubs 2
Coffee shops 2
Drive through restaurants 2

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
48375 $172.5K

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)

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