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    42450 Twelve Mile Rd Novi, MI 48377

    Sponsored
    For Sale
    Contact for pricing

    Prime Novi location, 25,500 SF office space.

    Property size:
    25,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 25,500-square-foot office building presents a unique opportunity for businesses seeking a prestigious location in Novi, Michigan. Situated at 42450 W 12 Mile Rd, this traditional office space offers unparalleled visibility on a major thoroughfare. The building boasts a highly desirable location near Twelve Oaks Mall, upscale residential neighborhoods, and senior living communities, ensuring a strong tenant base and convenient access to amenities. Its proximity to I-96 and M-5 expressways provides excellent accessibility for employees and clients. The property is currently available for both sale and lease, with flexible space options ranging from 1,361 to 6,762 square feet. The building itself is considered upscale, reflecting a commitment to quality and modern design. Ideal for medical or general office use, this property offers immediate occupancy and ample parking. The building's location in Oakland County, Michigan, zip code 48377, provides access to a thriving business community and a wealth of local resources. This is an exceptional opportunity to acquire a highly visible and well-located office space in a prime Novi location.

    Property Features for 42450 Twelve Mile Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    25,500 SF

    HighLights

    • 25,500 SF Office/Medical Building For Sale
    • 1,361 - 6,762 SF of Office/Medical Space Available for Lease
    • Upscale Novi Office Building in a Prime Location
    • High Visibility on 12 Mile Road with Excellent Access
    • Convenient to Twelve Oaks Mall, upscale residential, and senior living communities
    • Easy access to I‑96 & M‑5 expressways
    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
    -83.4687696
    Latitude
    42.4964599

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Novi location, 25,500 SF office space.
    Where is this office property / space located?
    The property is located at 42450 Twelve Mile Rd Novi, MI.
    What are key features of this property?
    This property features: 25,500 SF Office/Medical Building For Sale; 1,361 - 6,762 SF of Office/Medical Space Available for Lease; Upscale Novi Office Building in a Prime Location
    (586) 871-5155
    Request Owner's contact information
    42450 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
    42450 Twelve Mile Rd Novi, MI 48377
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