Flex Warehouse with Overhead
For Lease
$13 SF/Yr
40500 Grand River Ave, Novi, MI 48375
Suite AB offers 1,500 sq. ft. of office space and warehouse area with two overhead doors.
Space SizeContact for details
Property Size27,500 SF
Days on Market142
Property Features for 40500 Grand River Ave
General Information
Standard status
Active
Size
27,500 SF
Property subtype
Industrial
Zoning
Lt. Industrial
Building Details
Building Size
27,500 SF
Year Built
1986
Listing Agency:
Signature Associates - Southfield
Listed By:
Jeffrey Lemanski
(248) 359-0641
Source:
Cpix.resimplifi
Added: Apr 20
Changed: Aug 16
Last Checked: Aug 14 at 8:06AM
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.
Suite AB is a flex warehouse layout totaling 5,000 sq. ft., including approximately 1,500 sq. ft. of office space and an open warehouse area served by two overhead doors. The space was previously used as a power lifting gym.
The property is located at 40500 Grand River Ave in Novi, Michigan, and is available for lease.
Suites like this can work well for operations needing both a functional office component and convenient loading access via overhead doors.
The property is located at 40500 Grand River Ave in Novi, Michigan, and is available for lease.
Suites like this can work well for operations needing both a functional office component and convenient loading access via overhead doors.
Key Highlights
- Suite AB includes 5,000 sq. ft. total with two overhead doors.
- Approximately 1,500 sq. ft. of office space within Suite AB.
- Warehouse area included as part of Suite AB.
Property Analytics
Property Profile
Current Use
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
Lease Benchmarks for Novi, MI
$12.88 /SF/Yr
Avg Asking Price
$12–$13.5 /SF/Yr
Price Range
19,109 SF
Avg Space Size
This space is priced 1% above the average of $12.88 /SF/Yr.
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Suite AB offers 1,500 sq. ft. of office space and warehouse area with two overhead doors.
Where is this flex space located?
The property is located at 40500 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: Suite AB includes 5,000 sq. ft. total with two overhead doors.; Approximately 1,500 sq. ft. of office space within Suite AB.; Warehouse area included as part of Suite AB.
