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    Novi, MI

    Novi, MI Commercial Real Estate for Sale

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    Well-Maintained Building on Grand River
    Updated: Aug 21, 2025
    Well-Maintained Building on Grand River

    40350 Grand River Avenue, Novi, MI 48375

    $2,200,000
    11,050 sqft
    Grand River Avenue frontage offers high visibility and accessibility.
    Well‑maintained building suitable for immediate occupancy.
    Functional office space includes executive offices, private offices, lunchroom and open area.
    Warehouse features a 12'x14' grade level door and enclosed shipping area.
    Warehouse equipped with LED lighting and radiant tube heating.
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    This listing looks promising.

    Here's a quick look at some key insights for

    40350 Grand River Avenue, Novi, MI 48375

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    • Est. Cap Rate

      5.2%
      NOI ÷ price

    • Est. NOI

      $114K
      Annual

    • Mortgage

      $564K
      Recorded

    • Last Sold

      Oct 2025
      $2.15M

    • Property Type

      Commercial (General)
      Built 1996
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    Novi Land For Sale
    Updated: Feb 20
    Novi Land For Sale

    9 Mile Road, Novi, MI 48375

    $2,200,000
    2.33 AC lot
    Ideal for fast food, service, retail, or office uses.
    Located at the northwest corner of 9 Mile and Haggerty Road.
    Surrounded by dense residential neighborhoods.
    Walking distance to a high‑volume Lifetime Fitness facility.
    Easy access to I‑275, I‑96, M‑5, and I‑696.
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    Prime Commercial Land in Novi
    Prime Commercial Land in Novi

    Novi Rd lot: 12,13, Novi, MI 48375

    $515,000
    2,000 sqft 0.23 AC lot

    Highly visible commercial land near Novi Town Center.

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    Novi Land For Sale
    Novi Land For Sale

    45800 GRAND RIVER Avenue, Novi, MI 48374

    $1,200,000
    2.00 AC lot

    Two acre parcel in Novi's City West zoning district.

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    Multi-Tenant Retail Shopping Center
    Multi-Tenant Retail Shopping Center

    24025-24095 Meadowbrook Road, Novi, MI 48375

    $5,250,000
    24,949 sqft 2.70 AC lot

    Multi-tenant retail building on a 2.7-acre site with 172 surface parking spaces in a dense retail corridor.

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    Turnkey Middle Eastern Restaurant
    Turnkey Middle Eastern Restaurant

    41490 GRAND RIVER Avenue Unit SourceFi, Novi, MI 48375

    $174,900
    4,956 sqft

    For sale Middle Eastern restaurant with a fully equipped kitchen and dining area in a new construction plaza.

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    Warehouse with Multiple Overhead Cranes
    Warehouse with Multiple Overhead Cranes

    42300 W 9 Mile Rd, Novi, MI 48375

    $4,500,000
    40,100 sqft

    Warehouse with three 1-ton and three 5-ton cranes, up to 26’ clear height, and 3-phase heavy power.

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    Former CVS Pharmacy Retail Anchor
    Former CVS Pharmacy Retail Anchor

    42191 W 14 Mile Rd, Novi, MI 48377

    $2,099,000
    10,878 sqft

    Former CVS Pharmacy space anchors a shopping center with adjacent retail and medical tenants.

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    Direct Entry Office Building
    Direct Entry Office Building

    23975 Novi Road, Novi, MI 48375

    Contact for pricing
    6,140 sqft

    New office buildings offering direct-entry suites suitable for general office or medical use.

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    Medical Office Suite with Parking
    Medical Office Suite with Parking

    39525 W. 14 Mile Road, Novi, MI 48377

    Contact for pricing
    2,330 sqft

    Former dental suite offers 2,330 SF for medical or professional tenants with ample on-site parking.

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    Office Flex Showroom Suite
    Office Flex Showroom Suite

    39525 W 13 Mile Rd, Novi, MI 48377

    Contact for pricing
    8,000 sqft

    Class A office flex suite with building signage and convenient access to major expressways.

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    Single Story Office/Medical Building
    Single Story Office/Medical Building

    24245 Karim Blvd, Novi, MI 48375

    $1,350,000
    18,370 sqft

    18,370 SF office/medical building, west of Haggerty Road.

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    Fully Equipped Korean Restaurant
    Fully Equipped Korean Restaurant

    39743 Grand River Avenue, Novi, MI 48375

    Contact for pricing
    2,600 sqft

    Fully equipped Korean restaurant for sale with an on-premise liquor license included in Oakland County.

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    Single-Story Office Building
    Single-Story Office Building

    23875 Novi Rd, Novi, MI 48375

    Contact for pricing
    6,000 sqft

    Office building offered for sale with stated 7.42% cap rate and approximately 6,000 square feet of space.

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    Former Bank Branch with Drive-Thru
    Former Bank Branch with Drive-Thru

    23890 Novi Rd, Novi, MI 48375

    Contact for pricing
    2,976 sqft 1.06 AC lot

    Former bank branch with a three-lane drive-thru, bright lobby, and efficient teller counter layout on a 1.06-acre corner lot.

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    Industrial Warehouse with Expansion Potential
    Industrial Warehouse with Expansion Potential

    27629 Haggerty Rd, Novi, MI 48377

    Contact for pricing
    37,725 sqft

    High-image warehouse with 24-foot clear height, grade level loading, and room to expand with mezzanine or second floor.

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    Single-Story Office Building
    Single-Story Office Building

    24245 Karim Blvd, Novi, MI 48375

    Contact for pricing
    8,440 sqft

    Single-story office building featuring leased space for a plastic surgery center and ample on-site parking.

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    High-Visibility Development Site
    High-Visibility Development Site

    26821 Meadowbrook Road, Novi, MI 48377

    $1,599,000
    14.50 AC lot

    High-visibility vacant land development site zoned OST with access to I-96 and quick connectivity to M-5.

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    Turn-Key Coffee Shop
    Turn-Key Coffee Shop

    25875 Novi Road Unit SourceFi, Novi, MI 48375

    $49,000
    2,231 sqft

    Remodeled coffee and tea shop with included equipment and a lease extending through December 2028.

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    Approved Site Plan in Novi
    Approved Site Plan in Novi

    43455 West 10 Mile Road, Novi, MI 48375

    Contact for pricing
    6,658 sqft

    Site plan approved for a 6,658 SF building.

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    Turn-Key Coffee Shop Retail Space
    Turn-Key Coffee Shop Retail Space

    25875 Novi Road, Novi, MI 48375

    $49,000
    2,231 sqft

    Remodeled storefront with equipment included and existing lease through 12/2028 near major retail and freeway access.

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    Partially Built Medical Office Building
    Partially Built Medical Office Building

    24301 Karim Blvd, Novi, MI 48375

    Contact for pricing
    30,884 sqft

    30,000+ SF medical office, faster market entry.

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    Prime Development Land in Novi
    Prime Development Land in Novi

    27421 Meadowbrook Rd, Novi, MI 48377

    $1,300,000
    5.00 AC lot

    5-acre commercial land suitable for various development projects.

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    Novi Courthouse Investment Opportunity
    Novi Courthouse Investment Opportunity

    48150 Grand River Ave, Novi, MI 48374

    $5,836,000
    25,833 sqft 4.74 AC lot

    Single-tenant, net-leased district courthouse occupied by Oakland County, Michigan.

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    Novi, MI Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Novi, MI, showcased through 45 active listings on our real estate platform. These investment opportunities span a total of 158,761 square feet of properties for sale, with an estimated market value of $24,712,900.

    Sale prices for business properties in Novi, MI start at $49,000, averaging $2,059,408, and reaching up to $5,836,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 62K
    Population Growth (5Y) +11.9%
    Median Household Income $124,389
    College Educated 67.9%

    High-Yield Neighborhoods for Investment

    Identify Novi submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48377 $1.3M
    48375 $1.9M
    48374 $3.5M

    Taxes & Financing

    Tax Rate (average for all types) 4.06%
    Property Tax per SF $88.65 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Oakland County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Oakland County

    Retail

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Novi fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Novi, MI

    • 48375
    • 48377
    • 48374

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