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    40480 Grand River Ave Novi, MI 48375

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    For Lease
    $12 SF/Yr ($2,500 /Mo)

    2,500 sq ft flex space with renovated office.

    Property size:
    2,500 SF
    Lot size:
    1.00 Acre

    Property Features for 40480 Grand River Ave

    General Information

    Size
    2,500 SF
    Lot size
    1.00 Acre

    Source: Signature Associates Agent Jeffrey Lemanski

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

    Overview

    Novi Flex Space Available

    This flex space, designated as Suite I, offers a total area of 2,500 square feet. The office component, encompassing 1,000 square feet, has been renovated and reconfigured. The current office layout includes two offices with windows, an additional office, an open area, and a restroom. The property is located in Novi, MI, on Grand River Avenue.
    Location Intelligence

    Current Use by Public Records

    Chase Dental & Medical ... Dental Supply Store Automotive Techniques Inc. Auto Repair Shop The D.D. Reckner Co. Food Broker I SM Accountant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.446457
    Latitude
    42.4752442

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    FAQs

    What type of property is this?
    Flex space - 2,500 sq ft flex space with renovated office.
    Where is this flex space located?
    The property is located at 40480 Grand River Ave Novi, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - 2,500 sq. ft. total space; - 1,000 sq. ft. **renovated/reconfigured office space**; - **Two offices with windows**
    (248) 359-0641
    Request Owner's contact information
    40480 Grand River Ave 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
    40480 Grand River Ave Novi, MI 48375
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