Mixed-Use Building with Two
For Sale
Contact for pricing
Pending
44855 Grand River Ave, Novi, MI 48375
First-floor commercial space is vacant, with two occupied one-bedroom apartments on the second floor.
Property SizeContact for details
Days on Market147
Property Features for 44855 Grand River Ave
General Information
Standard status
Pending
Property subtype
Mixed Use, Multifamily, Office
Additional Details
Multifamily Units
2
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
KW Commercial Dearborn
Listed By:
Nick Jaafar · License #6501403947
(313) 706-7011
Source:
Crexi
Added: Apr 11
Changed: Sep 2
Last Checked: Sep 2 at 5:45PM
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 KW Commercial Dearborn
Investment Insights
Based on property information with market context.
This beautifully updated mixed-use building offers a fully updated first-floor commercial space and two occupied one-bedroom apartments on the second level. The first floor features commercial-grade flooring and fresh interior paint and is currently vacant, while the second floor includes two separate apartments, both occupied and generating approximately $20,000 in cash flow per year with potential to increase.
The property is located on Grand River and is about a mile from 12 Oaks Mall, providing convenient access for both residential and commercial uses.
If fully occupied, the building is projected to generate approximately $50,000+ per year. All measurements are approximate, and the agent will verify details.
The property is located on Grand River and is about a mile from 12 Oaks Mall, providing convenient access for both residential and commercial uses.
If fully occupied, the building is projected to generate approximately $50,000+ per year. All measurements are approximate, and the agent will verify details.
Key Highlights
- Mixed‑use building on Grand River: first‑floor commercial space plus two 1‑bedroom apartments on the second floor
- First floor is 1,300 SF, fully updated with commercial‑grade flooring and freshly painted interior; currently vacant
- Second floor has two occupied 1‑bedroom apartments generating approx. $20,000 annual cash flow
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 48375, MI
23,237
Population
10,223
Households
2.3
Avg Household Size
40
Median Age
63%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
2,766
Density / Sq Mi
$112,978
Median Household Income
$70,326
Median Earnings
$1,880
Median Rent
$348,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - First-floor commercial space is vacant, with two occupied one-bedroom apartments on the second floor.
Where is this duplex located?
The property is located at 44855 Grand River Ave Novi, MI.
What are key features of this property?
This property features: Mixed‑use building on Grand River: first‑floor commercial space plus two 1‑bedroom apartments on the second floor; First floor is 1,300 SF, fully updated with commercial‑grade flooring and freshly painted interior; currently vacant; Second floor has two occupied 1‑bedroom apartments generating approx. $20,000 annual cash flow
