Move-In Ready Medical Office
For Lease
$22.50 SF/Yr
42450 W 12 Mile Rd Unit 225, Novi, MI 48377
Office and medical suites offer ample parking and available signage rights across from Twelve Oaks Mall.
Space SizeContact for details
Property Size22,500 SF
Days on Market22
Property Features for 42450 W 12 Mile Rd Unit 225
General Information
Standard status
Active
Size
22,500 SF
Lease Type
Gross
Space & Availability
Space Use
Office
Condition
Move-in Ready
Lease Terms
Lease Rate
$22.50 /USD/SF/YR
Rent per SF/Year
$22.50
Additional Details
Highway Access
Yes
Amenities
signage rights
Building Details
Year Built
1988
Building Size
22,500 SF
Listing Agency:
Forward Commercial Group
(248) 792-8190
Listed By:
Emil Cherkasov · License #6502392741
Source:
Premiermichiganhomesearch
Added: Aug 11
Changed: Aug 30
Last Checked: Aug 30 at 8:41PM
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.
Medical office space is available within a 22,500-square-foot building constructed in 1988. The property includes move-in-ready office and medical suites, with common-area upgrades planned under new ownership and management. Lease terms are structured as gross plus utilities.
The building is located across from Twelve Oaks Mall in Novi and provides access to I-96, M-5, I-696, and I-275. Ample parking supports occupants and visitors, while available signage rights provide an additional on-site identification option.
The building is located across from Twelve Oaks Mall in Novi and provides access to I-96, M-5, I-696, and I-275. Ample parking supports occupants and visitors, while available signage rights provide an additional on-site identification option.
Key Highlights
- 22,500 SF medical office building constructed in 1988
- Move‑in‑ready office and medical suites
- Across from Twelve Oaks Mall
Property Analytics
Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
$3.38 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Under-served
Demand for This Use
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
$12.6 /SF/Yr
Avg Asking Price
$1.22–$20 /SF/Yr
Price Range
11,210 SF
Avg Space Size
This space is priced 79% above the average of $12.6 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Office and medical suites offer ample parking and available signage rights across from Twelve Oaks Mall.
Where is this medical office space located?
The property is located at 42450 W 12 Mile Rd Unit 225 Novi, MI.
What is the lease rate?
The lease rate is $22.50 SF/Yr.
What are key features of this property?
This property features: 22,500 SF medical office building constructed in 1988; Move‑in‑ready office and medical suites; Across from Twelve Oaks Mall
