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Warehouse with Office Space and Heavy Power
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46480 Magellan Dr, Novi, MI 48377

Sprinklered warehouse with 24' clear height, truck docks, heavy power, and a dedicated air-conditioned office area.

Property Size48,010 SF
Days on Market125

Property Features for 46480 Magellan Dr

General Information

Standard status Active
Size 48,010 SF
Property subtype INDUSTRIAL
Lease Type SF/yr
Listing Agency: NAI Farbman - Corporate
Listed By: Doug Fura
Source: Moodyscre
Added: Mar 28 Changed: Jul 30 Last Checked: Jul 30 at 6:08AM

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 - Corporate

Investment Insights

Based on property information with market context.

This warehouse facility includes 48,010 SF of industrial space on 5.2 acres, plus 2,747 SF of office space. The building offers 24' clear ceiling height, heavy power with buss duct, and is sprinklered. For loading and operations, there are four truck docks with three exterior docks and one interior dock, along with two 12' x 14' doors and 54' bays.

Additional land is available for expansion of the building or parking. The warehouse is fully air conditioned and features heavy power-buss duct and dock-ready infrastructure to support active distribution or light manufacturing workflows.

Zoned I-2, the property combines functional logistics improvements with an office area suitable for on-site supervision and administrative needs.

Key Highlights

  • 48,010 SF warehouse on 5.2 acres with 2,747 SF office space
  • 24' clear ceiling height and fully air conditioned interior
  • Four truck docks: three exterior and one interior

Property Analytics

Current Use

Broken Key Removal ... Hardware & Home Improvement

Suggested Use

Top Pick Hair Salon Grocery & Convenience Store Locksmith Catering Service Barber Shop Storage Facility

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
$1.39 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

613
Businesses Nearby
Well-served
Demand for This Use

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Similar Off Market Nearby

  • Lineage — 46500 Humboldt Dr, Novi, MI 48377
  • 1-800-Self-Storage.com of Wixom — 47020 West Rd, Novi, MI 48377

Frequently Asked Questions

What type of property is this?
Warehouse - Sprinklered warehouse with 24' clear height, truck docks, heavy power, and a dedicated air-conditioned office area.
Where is this warehouse located?
The property is located at 46480 Magellan Dr Novi, MI.
What is the lease rate?
The lease rate is $9.25 SF/Yr.
What are key features of this property?
This property features: 48,010 SF warehouse on 5.2 acres with 2,747 SF office space; 24' clear ceiling height and fully air conditioned interior; Four truck docks: three exterior and one interior
(248) 351-4397 Call to check price and availability
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