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    47000 Twelve Mile Rd Novi, MI 48377

    Sponsored
    For Sale
    $475,000

    Prime Novi location, 12 Mile Rd.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 475,000 USD commercial land parcel presents a unique development opportunity in Novi, Michigan's thriving 12 Mile Road corridor. Situated at 47000 Twelve Mile Road, Novi, MI 48377 (42.496153, -83.51227), this property is ideally located within Oakland County, offering excellent access to major transportation routes and a robust local economy. The land is designated for commercial use, providing developers with significant flexibility in project design and implementation. This prime location benefits from high visibility and strong traffic counts, making it an attractive site for a variety of commercial ventures. The asking price of $475,000 reflects the significant potential of this strategically positioned land parcel. Serious inquiries are encouraged to explore the possibilities of this exceptional development opportunity. The property's size and zoning regulations will need to be verified independently by prospective buyers. This is a rare chance to acquire a substantial piece of land in a highly sought-after area, poised for significant growth and return on investment. Don't miss this chance to secure your stake in Novi's vibrant commercial landscape.

    Property Features for 47000 Twelve Mile Rd

    General Information

    Property type
    Land

    HighLights

    • 12‑mile Road Corridor development parcel with high visibility and excellent access.
    • Prime location offering significant development potential.
    • Zoned for a variety of commercial uses.
    • Utilities readily available.
    • Strong demographics and high traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.51227
    Latitude
    42.496153

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    FAQs

    What type of property is this?
    Land - Prime Novi location, 12 Mile Rd.
    Where is this land located?
    The property is located at 47000 Twelve Mile Rd Novi, MI.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 12-mile Road Corridor development parcel with high visibility and excellent access.; Prime location offering significant development potential.; Zoned for a variety of commercial uses.
    Request Owner's contact information
    47000 Twelve Mile Rd Novi, MI 48377
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    Novi, MI 48377
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    47000 Twelve Mile Rd Novi, MI 48377
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