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42350 Grand River Ave Novi, MI 48375

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For Sale
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Value-add property with long-term tenant in Novi, Michigan.

Property size:
37,260 SF

Property Features for 42350 Grand River Ave

General Information

Size
37,260 SF

Building Details

Year built
1995

Source: Todd Szymczak Agent Todd Szymczak

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Novi Mixed-Use Investment Opportunity

Located at 42350 Grand River Avenue in Novi, Michigan, this 37,260-square-foot mixed-use property, constructed in 1995 and significantly renovated in 2021, presents a compelling investment opportunity. The property is anchored by GR Medical under a long-term triple-net lease. The property is positioned to attract both medical and traditional office tenants, benefiting from Novi's affluent demographics and business expansion trends. Situated along Grand River Avenue, it offers convenient access to I-96 and metro Detroit. This property is suitable as a strategic owner-operator purchase or investor opportunity to reposition into the future. The property offers upside through lease-up of substantial vacancy and strong projected cash-on-cash returns upon stabilization.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Theresa Min- Restorative ... Acupuncture Clinic Doctors Choice Needles Medical Equipment Manufacturer Lindsey Rossman, DO Doctor Dr. Steven J. ... Sports Medicine Physician Jenny Michaels, MD Sports Medicine Physician

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Meadowbrook Veterinary Clinic, Christlieb Morris DVM, AEC

Location Insight

  • Map
  • Local Demand
City
Novi
County
Oakland
State
Michigan
Longitude
-83.4645956
Latitude
42.4791303

FAQs

What type of property is this?
Medical office - Value-add property with long-term tenant in Novi, Michigan.
Where is this medical office located?
The property is located at 42350 Grand River Ave Novi, MI.
What are key features of this property?
This property features: - Long-term triple-net lease with GR Medical provides stable cash flow.; - Significant leasing upside due to substantial vacancy offers value-add potential.; - Core Novi location with strong local demographics and business expansion.
More about this property
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