Building Details

Building Size 21,045 SF

Listing Agency: NAI Farbman Southfield b***@farbman.com Show Phone

Listed By: Brad Margolis · License #6501371948

Source: Farbman

Added: Nov 21, 2025 Changed: Aug 14 Last Checked: Aug 20 at 4:37AM

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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 NAI Farbman Southfield

Investment Insights

Based on property information with market context.

Located in Novi, Michigan, this commercial property is available for rent. The property is suitable for parking lots and garages, automotive properties, and retail properties.

Key Highlights

• Commercial property available for rent.
• Located in Novi, Michigan.

Property Analytics

Property Profile

Current Use

Parking lots & garages

Suggested Use

Top Pick Building Supply Electrical Service Auto Repair Shop HVAC Service Locksmith Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

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

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this parking lots & garages located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Parking lot & garage - Commercial property available for rent in Novi, Michigan.

Where is this parking lot & garage located?

The property is located at 42450 W 12 Mile Rd Novi, MI.

What are key features of this property?

This property features: Commercial property available for rent.; Located in Novi, Michigan.