Listing Agency: CBRE - Detroit

Listed By: Scott Young · License #MI 6502405265 Show Phone

Source: Crexi

Added: Apr 11 Changed: Aug 14 Last Checked: Sep 6 at 8:31PM

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Investment Insights

Based on property information with market context.

This shopping center property includes right-of-way access with ingress and egress available from both Grand River Avenue and Beck Road. The site is associated with West Market Square and is identified as having strong street presence.

Visibility is described as excellent from Beck Road, supported by over 200 feet of frontage along Beck Road.

The offering is presented for sale.

Key Highlights

• Ingress and egress from both Grand River Avenue and Beck Road right‑of‑ways
• Over 200’ frontage on Beck Road
• Excellent visibility from Beck Road

Property Analytics

Property Profile

Current Use

TCF Bank Bank

Suggested Use

Top Pick Grocery & Convenience Store Locksmith (Bike/Boat/Book/etc) Store Hair Salon Catering Service 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

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,153

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 48374, MI

18,008

Population

5,840

Households

3.1

Avg Household Size

39

Median Age

69%

College-Educated

97%

High-School Grad

9.1 sq mi

ZIP Area

1,979

Density / Sq Mi

$185,203

Median Household Income

$99,962

Median Earnings

$2,849

Median Rent

$551,500

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 shopping centers located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Shopping center - Shopping center parcel provides ingress and egress from Grand River Avenue and Beck Road.

Where is this shopping center located?

The property is located at 47500 Grand River Ave Novi, MI.

What are key features of this property?

This property features: Ingress and egress from both Grand River Avenue and Beck Road right‑of‑ways; Over 200’ frontage on Beck Road; Excellent visibility from Beck Road