Listing Agency: Newmark

Listed By: David Giltner · License #MI

Source: Crexi

Added: Jul 21 Changed: Aug 30 Last Checked: Aug 30 at 4:30AM

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Investment Insights

Based on property information with market context.

This retail space encompasses 34,580 square feet within a commercial property at 41001-41007 Grand River in Novi, Michigan. The asset is offered for sale and provides a sizable footprint for retail-oriented operations.

Key Highlights

• 34,580 SF retail space
• Located at 41001‑41007 Grand River in Novi, MI 48375
• Offered for sale

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Storage Facility Parking Lot & Garage Big Box & Wholesale Store Hotel & Motel Electrical 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.

Location Intelligence

Trade Area within ½ mile

867

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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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail property offering a substantial commercial footprint for a range of storefront uses.

Where is this retail space located?

The property is located at 41001-41007 Grand River Novi, MI.

What are key features of this property?

This property features: 34,580 SF retail space; Located at 41001‑41007 Grand River in Novi, MI 48375; Offered for sale