Listing Agency: Colliers - Royal Oak/Detroit, Michigan

Listed By: Matt Terrace · License #MI 6501355111

Source: Crexi

Added: Apr 12 Changed: Jul 22 Last Checked: Jul 29 at 12:12PM

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Investment Insights

Based on property information with market context.

This listing offers a retail property for sale totaling 11,239 SF.

The asset is located at 42481 W 13 Mile Rd in Novi, Michigan 48377.

The available information focuses on the property’s retail use and total size; additional details about layout, condition, or configuration were not provided.

Key Highlights

• Retail property for sale offering 11,239 SF of space
• Retail asset totaling 11,239 SF

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Electrical Service Auto Repair Shop HVAC Service Locksmith Carpet & Flooring 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

119

Businesses Nearby

Explore this area Business Placement

Demographics for 48377, MI

19,691

Population

9,961

Households

2

Avg Household Size

39

Median Age

52%

College-Educated

95%

High-School Grad

9.6 sq mi

ZIP Area

2,051

Density / Sq Mi

$83,368

Median Household Income

$54,373

Median Earnings

$1,439

Median Rent

$332,000

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 property for sale offering 11,239 SF of space.

Where is this retail space located?

The property is located at 42481 W 13 Mile Rd Novi, MI.

What are key features of this property?

This property features: Retail property for sale offering 11,239 SF of space; Retail asset totaling 11,239 SF