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Retail and Office Shopping Center
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42140 Grand River Ave, Novi, MI 48375

Retail and office suites sit across from a 210-unit apartment community and near Sakura Novi.

Space Size1,320 SF
Property Size30,917 SF
Days on Market1511

Property Features for 42140 Grand River Ave

General Information

Standard status Active
Size 1,320 SF
Total Parking Spaces 216
Property subtype Retail, Office
Lease Type NNN

Additional Details

Road Access Yes

Building Details

Building Size 30,917 SF
Year Built 1987
Tenancy Multiple

Spaces For Lease

at 42140 Grand River Ave Contact us

42250

Size
1,320 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Gerdom Realty & Investment
Listed By: Michael Murphy · License #6501389134
Source: Crexi
Added: Jul 18, 2022 Changed: Sep 3 Last Checked: Sep 2 at 7:31PM

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 Gerdom Realty & Investment

Investment Insights

Based on property information with market context.

Thomasville Centre is a shopping center at 42140 Grand River Ave in Novi, Michigan, offering space suited to retail and office uses. The property was built in 1987 and features a clean façade with on-site parking. McLaughlin’s Home Furnishings and Ajishin Sushi and Noodles serve as established center anchors.

The center occupies Novi’s main thoroughfare, positioned across from Huntley Manor, a 210-unit luxury apartment development. Sakura Novi is approximately a quarter mile away, adding nearby residential and commercial context to the property’s setting.

Key Highlights

  • Shopping center with retail and office space
  • Anchored by McLaughlin’s Home Furnishings and Ajishin Sushi and Noodles
  • Located on Novi’s main thoroughfare at 42140 Grand River Ave

Property Analytics

Current Use

Mala Land Restaurant

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Barber Shop (Bike/Boat/Book/etc) Store Locksmith Food Market

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

Yes
Paved road access
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,104
Businesses Nearby
Well-served
Demand for This Use

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Similar Off Market Nearby

  • Novi Ten Shopping Center W 10 Mile Rd, Novi, MI 48375
  • Main Street Novi Shopping Center Novi, MI 48375
  • Quick-Tag Walmart Supercenter, 26090 Ingersol Dr, Novi, MI 48375
  • Novi Town Center 43259 Crescent Blvd, Novi, MI 48375

Frequently Asked Questions

What type of property is this?
Shopping center - Retail and office suites sit across from a 210-unit apartment community and near Sakura Novi.
Where is this shopping center located?
The property is located at 42140 Grand River Ave Novi, MI.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Shopping center with retail and office space; Anchored by McLaughlin’s Home Furnishings and Ajishin Sushi and Noodles; Located on Novi’s main thoroughfare at 42140 Grand River Ave
(248) 242-6766 Call to check price and availability
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