Industrial Flex Suite with
For Lease
$12 SF/Yr
40440 Grand River Ave, Novi, MI 48375
Industrial-zoned flex space with a truckwell and overhead loading door.
Space Size5,000 SF
Property Size25,000 SF
Days on Market398
Property Features for 40440 Grand River Ave
General Information
Standard status
Active
Size
5,000 SF
Net Rentable
5,000 SF
Property subtype
Industrial
Zoning
LT. INDUSTRIAL
Space & Availability
Available Space
5,000 SF
Contiguous Space
5,000 SF
Additional Details
Dock-High Doors
1
Building Details
Building Size
25,000 SF
Year Built
1986
Buildings
1
Stories
1
Listing Agency:
Signature Associates - Southfield
Listed By:
Drake Filippis · License #6505240607
(248) 799-3161
Source:
Cpix.resimplifi
Added: Sep 17, 2025
Changed: Oct 7
Last Checked: Oct 19 at 3:32AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite AB provides 5,000 square feet of flex space within a 25,000-square-foot commercial property. The suite includes one truckwell and one overhead door, supporting loading and warehouse-related operations.
The property is zoned LT. INDUSTRIAL and was built in 1986. Located at 40440 Grand River Ave in Novi, Michigan, the asset offers a defined industrial setting for users seeking flex or warehouse space.
The property is zoned LT. INDUSTRIAL and was built in 1986. Located at 40440 Grand River Ave in Novi, Michigan, the asset offers a defined industrial setting for users seeking flex or warehouse space.
Key Highlights
- 5,000‑square‑foot Suite AB
- One truckwell serving the suite
- One overhead door
Property Analytics
Current Use
Lease Details
1
Dock-high doors
NNN (Triple Net)
Lease Type
$1.80 /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
Lease Benchmarks for Novi, MI
$12.7 /SF/Yr
Avg Asking Price
$10–$15.5 /SF/Yr
Price Range
15,555 SF
Avg Space Size
This space is priced 6% below the average of $12.7 /SF/Yr.
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial-zoned flex space with a truckwell and overhead loading door.
Where is this flex space located?
The property is located at 40440 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: 5,000‑square‑foot Suite AB; One truckwell serving the suite; One overhead door
