Office/Retail Building on Grand
For Lease
Contact for pricing
42409 Grand River Ave, Novi, MI
Proposed office and retail building with frontage on Grand River.
Space Size8,400 SF
Lot Size1.28 Acres
Days on Market1454
Property Features for 42409 Grand River Ave
General Information
Standard status
Active
Size
8,400 SF
Lot size
1.28 Acres
Property subtype
OFFICE
Lease Type
NNN
Spaces For Lease
at 42409 Grand River Ave
42409 Grand River Ave - Main Bldg.
$25/SF/Yr
Floor
1
Size
8,400 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- A proposed Office/Retail Building.
- Proposed Office/ Retail Building
- Frontage on Grand River
- B-3, Commercial Zoning
- Walk to Main Street and Town Center.
Contact us
Listing Agency:
Thomas A. Duke Company
Listed By:
Mark W. Szerlag · License #6502342846
(248) 476-3700
Source:
Moodyscre
Added: Oct 14, 2022
Changed: Aug 8
Last Checked: Oct 5 at 5:08PM
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 Thomas A. Duke Company
Investment Insights
Based on property information with market context.
A proposed office and retail building is available for rent. The property, zoned B-3 Commercial, offers frontage on Grand River Avenue. It is situated within walking distance of Main Street and the Town Center. The property offers 8,400 square feet of space and is suitable for office or retail use.
Key Highlights
- Frontage on Grand River
- B‑3, Commercial Zoning
- Proposed Office/Retail Building
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,125
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Novi, MI
$15.82 /SF/Yr
Avg Asking Price
$9.95–$21 /SF/Yr
Price Range
16,735 SF
Avg Space Size
This space is priced 58% above the average of $15.82 /SF/Yr.
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Proposed office and retail building with frontage on Grand River.
Where is this office units located?
The property is located at 42409 Grand River Ave Novi, MI.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Frontage on Grand River; B‑3, Commercial Zoning; Proposed Office/Retail Building
