Spaces For Lease

at 42409 Grand River Ave Contact us

42409 Grand River Ave - Main Bldg. $25/SF/Yr

Floor

1

Size

8,400 SF

Type

OFFICE

Lease Type

NNN

Availability

AVAILABLE, Now

Sublease

No

- A proposed Office/Retail Building. - Proposed Office/ Retail Building - Frontage... on Grand River - B-3, Commercial Zoning - Walk to Main Street and Town Center.

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Contact us

Listing Agency: Thomas A. Duke Company m***@thomasduke.com Show Phone

Listed By: Mark W. Szerlag · License #6502342846 Show Phone

Source: Moodyscre

Added: Oct 14, 2022 Changed: Aug 8 Last Checked: Aug 20 at 12:11PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Thomas A. Duke Company

Investment Insights

Based on property information with market context.

A proposed office and retail building is available for rent. The property, zoned B-3 Commercial, offers frontage on Grand River Avenue. It is situated within walking distance of Main Street and the Town Center. The property offers 8,400 square feet of space and is suitable for office or retail use.

Key Highlights

• Frontage on Grand River
• B‑3, Commercial Zoning
• Proposed Office/Retail Building

Property Analytics

Property Profile

Current Use

Belle Tire (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Parking Lot & Garage Barber Shop Plumbing Service Locksmith Wine and Liquor Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.75 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,125

Businesses Nearby

Explore this area Business Placement

Market

Lease Benchmarks for Novi, MI

$9.97 /SF/Yr

Avg Asking Price

$1.22–$17 /SF/Yr

Price Range

17,692 SF

Avg Space Size

This space is priced 151% above the average of $9.97 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Proposed office and retail building with frontage on Grand River.

Where is this office units located?

The property is located at 42409 Grand River Ave Novi, MI.

What is the lease rate?

The lease rate is $25 SF/Yr.

What are key features of this property?

This property features: Frontage on Grand River; B‑3, Commercial Zoning; Proposed Office/Retail Building