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    Property profile & analytics
    FOR LEASE
    Commercial real estate

    42450 W Twelve Mile Rd, Novi, MI 48377

    22,929 SF 1.42 ac lot Built 1988
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US43-0220537
    Property summary
    AI-generated overview

    This exceptional 25,500-square-foot office building presents a unique opportunity for businesses seeking a prestigious location in Novi, Michigan. Situated at 42450 W 12 Mile Rd, this traditional office space offers unparalleled visibility on a major thoroughfare. The building boasts a highly desirable location near Twelve Oaks Mall, upscale residential neighborhoods, and senior living communities, ensuring a strong tenant base and convenient access to amenities. Its proximity to I-96 and M-5 expressways provides excellent accessibility for employees and clients. The property is currently available for both sale and lease, with flexible space options ranging from 1,361 to 6,762 square feet. The building itself is considered upscale, reflecting a commitment to quality and modern design. Ideal for medical or general office use, this property offers immediate occupancy and ample parking. The building's location in Oakland County, Michigan, zip code 48377, provides access to a thriving business community and a wealth of local resources. This is an exceptional opportunity to acquire a highly visible and well-located office space in a prime Novi location.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1988
    Total area 22,929 SF
    Lot 1.42 ac (61,855 SF)
    Zoning code OS-1
    APN 50-22-11-300-007
    UPID US43-0220537
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Askar Tg LLC
    Askar Tg LLC
    since 2025
    Last sale
    $1.1M
    6 recorded transactions
    2025
    $1.1M
    2020
    1969
    1969
    1969
    1969
    Zoning & alternative use
    OS-1 · Novi, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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