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    27150 Novi Rd Novi, MI 48377

    For Lease
    Contact for pricing

    Prime retail space within a high-traffic regional shopping destination.

    Property size:
    148,812 SF
    Lot size:
    11.03 Acres

    Property Features for 27150 Novi Rd

    General Information

    Size
    148,812 SF
    Lot size
    11.03 Acres

    Source: Landmark Commercial Real Estate Services Agent Andrew Luckoff

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

    Overview

    Twelve Oaks Mall Retail Opportunity

    This is a unique opportunity to join the synergy at the 1.72 million square foot Twelve Oaks Mall, a Simon/Taubman property recognized as a top regional and dining destination in Michigan. The property is situated immediately off heavily traveled I-96, less than 3 miles from 4 highway interchanges of I-96, I-696, I-275, and M-5, providing easy access for travelers driving over 20 minutes in all directions. The building is located at the most heavily trafficked entrance of the Mall. Novi is one of Detroit’s most affluent bedroom communities and a strong super-regional draw, home to multiple Power Centers, Entertainment Attractions, and Major Employers. The property offers 148,812 square feet of retail space.
    Insight Report Location Intelligence

    Current Use by Public Records

    JCPenney Department Store JCPenney Portraits Photographer JCPenney Salon Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4695696
    Latitude
    42.4901567

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    FAQs

    What type of property is this?
    Shopping mall - Prime retail space within a high-traffic regional shopping destination.
    Where is this shopping mall located?
    The property is located at 27150 Novi Rd Novi, MI.
    What are key features of this property?
    This property features: - Located within the highly successful Twelve Oaks Mall, a top regional shopping and dining destination.; - Situated in Novi, one of Detroit's most affluent communities and a strong regional draw.; - Excellent accessibility via I-96 and proximity to I-696, I-275, and M-5 interchanges.
    (248) 488-2620
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    27150 Novi Rd Novi, MI 48377
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    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
    27150 Novi Rd Novi, MI 48377
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