Listing Agency: Colliers - Royal Oak/Detroit, Michigan b***@colliers.com Show Phone

Listed By: Gary Grochowski · License #MI

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 4:08PM

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Investment Insights

Based on property information with market context.

This offering presents a retail building with approximately 5,424 SF. The property is presented as retail space and is available for sale.

The asset is located at 40550 Grand River Avenue in Novi, Michigan.

Additional details on layout, frontage, condition, or unit configuration are not provided in the available information.

Key Highlights

• Retail building for sale with approximately 5,424 SF of space.

Property Analytics

Property Profile

Current Use

Chabad Jewish Center ... Church

Suggested Use

Top Pick Storage Facility Garden Center Pharmacy Building Supply Barber Shop Grocery & Convenience 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.

Location Intelligence

Trade Area within ½ mile

809

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 Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Retail building offered for sale with approximately 5,424 SF of space.

Where is this retail space located?

The property is located at 40550 Grand River Avenue Novi, MI.

What are key features of this property?

This property features: Retail building for sale with approximately 5,424 SF of space.