Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    27155 S Karevich Dr Novi, MI 48377

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,500,000

    Fully equipped restaurant in high-traffic Novi location.

    Property size:
    11,921 SF
    Lot size:
    1.00 Acre

    Property Features for 27155 S Karevich Dr

    General Information

    Size
    11,921 SF
    Lot size
    1.00 Acre

    Source: Thomas A. Duke Company Agent Mark W. Szerlag

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

    Overview

    Upscale Restaurant For Sale

    This is a fully equipped upscale restaurant property available for sale. The property is located just west of Novi Road, north of I-96, on S. Karevich Drive. The location benefits from high traffic corridors and visibility on both I-96 and Novi Road. The restaurant includes all furniture, fixtures, and equipment.
    Location Intelligence

    Current Use by Public Records

    Genji Novi Japanese Steakhouse

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4773653
    Latitude
    42.4892868

    Nearby Similar for Sale

    • $199,900
      4,956 SF

      Established Restaurant Business Opportunity

      Thriving Middle Eastern restaurant for sale in Novi's bustling plaza.
      41490 Grand River Ave, Novi, MI 48375
      View Details
    • New
      $199,000
      2,231 SF

      Turn-Key Business Opportunity in Novi

      Remodeled turn-key space suitable for coffee, tea, or restaurant.
      25875 Novi Rd, Novi, MI 48375
      View Details
    • Contact for pricing
      37,260 SF

      Novi Mixed-Use Investment Opportunity

      Value-add property with long-term tenant in Novi, Michigan.
      42350 Grand River Ave, Novi, MI 48375
      View Details
    • $235,000

      Stylish Condo in Crosswinds West

      2 bed, 1.5 bath condo with updated kitchen.
      40041 Crosswinds, Novi, MI 48375
      View Details
    • Contact for pricing
      176,160 SF

      Multi-Tenant Flex/R&D Park Investment

      Class A flex/R&D park in Novi, Michigan for sale.
      27175 Haggerty Rd, Novi, MI 48377
      View Details
    • $35,000
      1,800 SF

      Established Pet Salon in Novi

      Fully equipped pet salon ready for immediate operation in Novi.
      333 Oakland, Novi, MI 48377
      View Details

    FAQs

    What type of property is this?
    Restaurant - Fully equipped restaurant in high-traffic Novi location.
    Where is this restaurant located?
    The property is located at 27155 S Karevich Dr Novi, MI.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Fully equipped upscale restaurant, includes all furniture, fixtures & equipment.; - Outstanding location at the corner of I-96 and Novi Road.; - High traffic corridors surround the property.
    (248) 476-3700
    Request Owner's contact information
    27155 S Karevich Dr Novi, MI 48377
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    27155 S Karevich Dr
    Novi, MI 48377
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    27155 S Karevich Dr Novi, MI 48377
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.