Proposed Office/Retail
For Lease
$25 SF/Yr
42409 Grand River Ave, Novi, MI 48375
Proposed office and retail building with frontage on Grand River Ave and B-3 commercial zoning.
Space SizeContact for details
Property Size9,733 SF
Days on Market242
Property Features for 42409 Grand River Ave
General Information
Standard status
Active
Size
9,733 SF
Property subtype
Office
Zoning
B-3
Building Details
Building Size
9,733 SF
Buildings
1
Stories
1
Listing Agency:
Thomas A. Duke Company
Listed By:
Mark W. Szerlag · License #6502342846
(248) 476-3700
Source:
Cpix.resimplifi
Added: Feb 23
Changed: Oct 1
Last Checked: Oct 23 at 3:20AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a proposed office/retail building offering a flexible configuration for an office and retail component. The property is designated B-3 commercial zoning.
The building will have frontage on Grand River Ave and is described as within walking distance to Main Street and Town Center.
As a proposed development, details beyond the office/retail concept, zoning, and frontage are not provided in the available information.
The building will have frontage on Grand River Ave and is described as within walking distance to Main Street and Town Center.
As a proposed development, details beyond the office/retail concept, zoning, and frontage are not provided in the available information.
Key Highlights
- Proposed office and retail building
- Frontage on Grand River Ave
- B‑3 commercial zoning
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Novi, MI
$19.4 /SF/Yr
Avg Asking Price
$14–$25 /SF/Yr
Price Range
19,751 SF
Avg Space Size
This space is priced 29% above the average of $19.4 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Proposed office and retail building with frontage on Grand River Ave and B-3 commercial zoning.
Where is this office building 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: Proposed office and retail building; Frontage on Grand River Ave; B‑3 commercial zoning
