Listing Agency: Friedman Real Estate

Listed By: Alan Stern · License #MI 101010 Show Phone

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 9:41PM

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Investment Insights

Based on property information with market context.

Former Rite Aid property at 42481 W 13 Mile in Novi, Michigan. The asset is identified as a drug store and is offered for sale as a retail-oriented commercial property.

Key Highlights

• Former Rite Aid location
• Drug store property classification
• 42481 W 13 Mile, Novi, MI 48377

Property Analytics

Property Profile

Current Use

CDReload by Crypto ... Crypto Atm Rite Aid Pharmacy Pharmacy Kalyani Palaniappan, RPH Pharmacy Rite Aid Pharmacy Western Union Bank

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Building Supply Spa & Massage Center Nail Salon

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

Location Intelligence

Trade Area within ½ mile

119

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

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What type of property is this? Where is this drug stores located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Rite Aid Pharmacy — 42481 W 13 Mile Rd, Novi, MI 48377
• Arbor Lane Pharmacy — 41100 Fox Run Rd, Novi, MI 48377

Frequently Asked Questions

What type of property is this?

Drug store - Former pharmacy location offered as a commercial ownership opportunity.

Where is this drug store located?

The property is located at 42481 W 13 Mile Novi, MI.

What are key features of this property?

This property features: Former Rite Aid location; Drug store property classification; 42481 W 13 Mile, Novi, MI 48377