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    47460 W 11 Mile Rd Novi, MI 48375

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    For Sale
    $2,400,000

    7.86 acres of residential land with existing ~2,500 SqFt structure.

    Lot size:
    7.86 Acres

    Property Features for 47460 W 11 Mile Rd

    General Information

    Lot size
    7.86 Acres

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

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

    Overview

    Residential Land with Existing Structure

    The property consists of 7.86 acres of residential land zoned Planned Suburban Low-Rise. An existing structure of approximately 2,500 square feet is present on the premises. The location is at the northwest corner of Beck and 11 Mile Road. The property benefits from a visible corner location on Beck Road, which experiences high traffic volume of over 20,000 vehicles per day. It is situated immediately south of Ascension Providence Hospital - Novi Campus.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.51699
    Latitude
    42.480537

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    FAQs

    What type of property is this?
    Land - 7.86 acres of residential land with existing ~2,500 SqFt structure.
    Where is this land located?
    The property is located at 47460 W 11 Mile Rd Novi, MI.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - 7.86 Acres of Residential Land; - Zoned Planned Suburban Low-Rise; - Visible Corner Location on Beck and 11 Mile Road
    (248) 476-3700
    Request Owner's contact information
    47460 W 11 Mile Rd Novi, MI 48375
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    Novi, MI 48375
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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
    47460 W 11 Mile Rd Novi, MI 48375
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