Office and Medical
For Lease
$2,552/Mo
42450 W 12 Mile Rd 225, Novi, MI 48377
Move-in ready office and medical suites in a large building across from Twelve Oaks Mall, with ample parking and signage rights.
Space SizeContact for details
Property Size1,361 SF
Days on Market166
Property Features for 42450 W 12 Mile Rd 225
General Information
Standard status
Active
Size
1,361 SF
Property subtype
Commercial
Lease Type
Gross
Additional Details
Highway Access
Yes
Building Details
Building Size
1,361 SF
Year Built
1988
Listing Agency:
Forward Commercial Group
Listed By:
Emil Cherkasov · License #6502392741
(248) 662-5066
Source:
Elliman
Added: Mar 27
Changed: Aug 31
Last Checked: Sep 8 at 7:07AM
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 Forward Commercial Group
Investment Insights
Based on property information with market context.
This move-in ready office and medical suite is located within a 22,500 SF commercial building. Under new ownership and management, common area upgrades are planned, and the space is available for immediate occupancy. Signage rights are available for the suite.
The property is positioned in a highly desirable location across from Twelve Oaks Mall. Access is supported by proximity to freeways I-96, M-5, I-696, and I-275, and the building offers ample parking for employees and visitors.
For the lease structure, rent is stated as $22.50/SF/YR, Gross + Utilities.
The property is positioned in a highly desirable location across from Twelve Oaks Mall. Access is supported by proximity to freeways I-96, M-5, I-696, and I-275, and the building offers ample parking for employees and visitors.
For the lease structure, rent is stated as $22.50/SF/YR, Gross + Utilities.
Key Highlights
- 22,500 SF office and medical building built in 1988
- Move‑in ready office and medical suites
- Located across from Twelve Oaks Mall
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
$0.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 48377, MI
19,691
Population
9,961
Households
2
Avg Household Size
39
Median Age
52%
College-Educated
95%
High-School Grad
9.6 sq mi
ZIP Area
2,051
Density / Sq Mi
$83,368
Median Household Income
$54,373
Median Earnings
$1,439
Median Rent
$332,000
Median Home Value
Market
Lease Benchmarks for Novi, MI
$13.91 /SF/Yr
Avg Asking Price
$1.36–$21 /SF/Yr
Price Range
19,491 SF
Avg Space Size
This space is priced 90% below the average of $13.91 /SF/Yr.
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office and medical suites in a large building across from Twelve Oaks Mall, with ample parking and signage rights.
Where is this office units located?
The property is located at 42450 W 12 Mile Rd 225 Novi, MI.
What is the lease rate?
The lease rate is $2,552/Mo.
What are key features of this property?
This property features: 22,500 SF office and medical building built in 1988; Move‑in ready office and medical suites; Located across from Twelve Oaks Mall
