Novi Mixed-Use Investment
For Sale
Contact for pricing
Pending
42350 Grand River Ave, Novi, MI 48375
Mixed-use property in Novi, Michigan, with value-add potential.
Property Size37,260 SF
Days on Market350
Property Features for 42350 Grand River Ave
General Information
Standard status
Pending
Size
37,260 SF
Class
B
Property subtype
Office, Industrial, Mixed Use
Occupancy
44%
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
1995
Year Renovated
2020
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
NAI Farbman Southfield
(248) 351-6315
Listed By:
Mario Giglio · License #6501415206
Source:
Crexi
Added: Sep 5, 2025
Changed: Aug 8
Last Checked: Jul 24 at 6:28PM
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 Southfield
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 offers an investment opportunity. Constructed in 1995 and significantly renovated in 2021, the property is anchored by GR Medical under a long-term triple-net lease. The property may be suitable for an owner-operator or an investor looking to reposition the asset.
Key Highlights
- Anchored by GR Medical on a long‑term triple‑net lease, providing stable income.
- Value‑add opportunity for investors to reposition the property.
- Located in a highly desirable suburban Detroit corridor.
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
Questions? Ask Rey
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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 - Mixed-use property in Novi, Michigan, with value-add potential.
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: Anchored by GR Medical on a long‑term triple‑net lease, providing stable income.; Value‑add opportunity for investors to reposition the property.; Located in a highly desirable suburban Detroit corridor.
