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    Novi, MI
    Conventional Restaurant

    Novi, MI Conventional Restaurants 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
    Fully Equipped Restaurant
    Updated: Jul 11, 2023
    Fully Equipped Restaurant

    27155 S Karevich Dr, Novi, MI 48377

    $3,500,000
    11,921 sqft
    11,921‑square‑foot conventional restaurant property
    Furniture, fixtures, and equipment included
    C zoning
    Built in 1979
    Located on S. Karevich Drive in Novi, MI
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    Restaurant With Outdoor Seating
    Updated: Jan 28
    Restaurant With Outdoor Seating

    39915 Grand River Ave, Novi, MI 48375

    $37,500
    Seating for approximately 84 guests plus additional outdoor seating
    Walk‑in cooler and commercial refrigeration included
    A/C unit is 2 years old
    Kitchen layout designed for high‑volume service
    Located on Grand River Avenue in Novi near Novi Road, Meadowbrook Road, and I‑96
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 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.

    Shake Shack NNN Property
    Shake Shack NNN Property

    39300 7 Mile, Livonia, MI 48152

    $4,030,000
    2,820 sqft

    Absolute NNN ground lease at a signalized intersection in Livonia’s retail and office district.

    View details
    Restaurant Investment with New Leases
    Restaurant Investment with New Leases

    17117 N Laurel Park Dr, Livonia, MI 48152

    Contact for pricing
    9,079 sqft

    Two upscale restaurant concepts occupy a commercial property with direct I-275 access and five adjacent hotels.

    View details
    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.

    View details
    Mixed-Use Building with Restaurant
    Mixed-Use Building with Restaurant

    32821- 32905 Grand River Ave, Farmington, MI 48336

    Contact for pricing
    9,584 sqft 0.76 AC lot

    Operating restaurant space and three leased apartments create a diversified downtown commercial property.

    View details

    Novi, MI Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in Novi, MI on our real estate platform. These investment opportunities span a total of 11,921 square feet of properties for sale, with an estimated market value of $3,537,500.

    Sale prices for conventional restaurants in Novi, MI start at $37,500, averaging $1,768,750, and reaching up to $3,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 4
    Bars & Pubs 2
    Coffee shops 1
    Drive through restaurants 1

    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 $37.5K
    48377 $3.5M

    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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    • 48377
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