Building Details

Building Size 30,000 SF

Year Built 1986

Listing Agency: Signature Associates - Southfield j***@signatureassociates.com Show Phone

Listed By: Jeffrey Lemanski Show Phone

Source: Cpix.resimplifi

Added: Mar 19 Changed: Aug 30 Last Checked: Aug 30 at 8:54PM

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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 Signature Associates - Southfield

Investment Insights

Based on property information with market context.

This flex space combines office, showroom, and warehouse areas within a 30,000-square-foot commercial property. Two overhead doors support the warehouse component, while the varied interior configuration accommodates multiple functional areas under one roof.

Built in 1986, the property is located at 40400 Grand River Ave in Novi, Michigan, and carries Lt. Industrial zoning. Its address places the asset on Grand River Avenue within the Novi market.

Key Highlights

• 30,000 SF flex space
• Office, showroom, and warehouse areas in one property
• Two overhead doors serving the warehouse area

Property Analytics

Property Profile

Current Use

Image360 Novi (Bike/Boat/Book/etc) Store Full Upholstery Furniture & Home Goods Davis Corporate Solutions Production Facility Gracie Barra Novi Training Center Perfect Comfort Systems Hardware & Home Improvement

Suggested Use

Top Pick Storage Facility Real Estate Agency Garden Center Hair Salon Pharmacy HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$1.95 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

809

Businesses Nearby

Under-served

Demand for This Use

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 Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Combines office, showroom, and warehouse areas within a light-industrial property.

Where is this flex space located?

The property is located at 40400 Grand River Ave Novi, MI.

What is the lease rate?

The lease rate is $13 SF/Yr.

What are key features of this property?

This property features: 30,000 SF flex space; Office, showroom, and warehouse areas in one property; Two overhead doors serving the warehouse area