Novi Mixed-Use Investment
For Sale
Contact for pricing
42350 Grand River Ave, Novi, MI 48375
Value-add property with long-term tenant in Novi, Michigan.
Property Size37,260 SF
Days on Market272
Property Features for 42350 Grand River Ave
General Information
Standard status
Active
Size
37,260 SF
Class
C
Property subtype
Office
Building Details
Building Size
37,260 SF
Year Built
1995
Listing Agency:
NAI Farbman
(248) 351-6315
Listed By:
Todd Szymczak · License #6501338373
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:55AM
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 NAI Farbman
Investment Insights
Based on property information with market context.
Located at 42350 Grand River Avenue in Novi, Michigan, this 37,260-square-foot mixed-use property, constructed in 1995 and significantly renovated in 2021, presents a compelling investment opportunity. The property is anchored by GR Medical under a long-term triple-net lease. The property is positioned to attract both medical and traditional office tenants, benefiting from Novi's affluent demographics and business expansion trends. Situated along Grand River Avenue, it offers convenient access to I-96 and metro Detroit. This property is suitable as a strategic owner-operator purchase or investor opportunity to reposition into the future. The property offers upside through lease-up of substantial vacancy and strong projected cash-on-cash returns upon stabilization.
Key Highlights
- Long‑term triple‑net lease with GR Medical provides stable cash flow.
- Significant leasing upside due to substantial vacancy offers value‑add potential.
- Core Novi location with strong local demographics and business expansion.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,104
Businesses Nearby
Well-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 Office in Midwest region
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Similar Off Market Nearby
- Animal Emergency Center - Novi — 24360 Novi Rd suite a, Novi, MI 48375
- Veterinary Cardiology Consultants — 24360 Novi Rd Suite B, Novi, MI 48375
- Animal Behavior Consultants of Michigan — 24360 Novi Rd Suite B, Novi, MI 48375
- Meadowbrook Veterinary Clinic — 41782 W 10 Mile Rd, Novi, MI 48375
- AEC — Novi, MI 48375
Frequently Asked Questions
What type of property is this?
Medical Office Space - Value-add property with long-term tenant in Novi, Michigan.
Where is this medical office space located?
The property is located at 42350 Grand River Ave Novi, MI.
What are key features of this property?
This property features: Long‑term triple‑net lease with GR Medical provides stable cash flow.; Significant leasing upside due to substantial vacancy offers value‑add potential.; Core Novi location with strong local demographics and business expansion.
