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    43420-43831 Oaks Dr Novi, MI 48377

    Sponsored
    For Lease
    Contact for pricing

    Prime Novi retail space, multiple units available.

    Lot size:
    63,569 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    West Oaks I & II offers a prime retail opportunity in Novi, Michigan, within Oakland County. This multi-tenant property boasts a total of 63,569 square feet of commercial space, with four units currently available for lease. Individual spaces range from a minimum of 2,252 square feet to a maximum contiguous space of 5,456 square feet. A significant amount of vacant space is currently available, totaling 13,894 square feet, presenting a unique opportunity for businesses seeking immediate occupancy. The property is conveniently located at 43420-43831 West Oaks Drive, Novi, MI 48377, offering excellent visibility and accessibility. This location within Oakland County provides access to a thriving market and strong consumer base. The property's classification as retail space makes it ideal for a variety of businesses, from smaller boutiques to larger retail operations. The flexible space options allow for customization to meet individual tenant needs. Interested parties are encouraged to inquire about lease terms and availability for these exceptional retail spaces. The property is ready for immediate occupancy.

    Property Features for 43420-43831 Oaks Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    63,569 SF

    Unit(s) available at that property

    Space
    Suite 12
    Size
    5,456 SF
    Space
    Suite 16
    Size
    2,252 SF
    Space
    Suite 17
    Size
    2,338 SF
    Space
    Suite 20
    Size
    3,848 SF

    HighLights

    • Prime Novi, MI retail space totaling 63,569 square feet, with 13,894 square feet currently available for lease.
    • Excellent location at the intersection of Novi Road and 12 Mile Road, near Twelve Oaks Mall.
    • Direct I‑96 access provides easy connectivity throughout Michigan.
    • Located in a high‑traffic retail hub in Southeastern Michigan, alongside national retailers like The Container Store, Nordstrom Rack, and Burlington.
    • Novi is a rapidly growing city, attracting research, technology, and service companies.
    • Novi is a top Oakland County community for business attraction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Spa & Massage Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.476816
    Latitude
    42.49466

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    FAQs

    What type of property is this?
    Retail property - Prime Novi retail space, multiple units available.
    Where is this retail property located?
    The property is located at 43420-43831 Oaks Dr Novi, MI.
    What are key features of this property?
    This property features: Prime Novi, MI retail space totaling 63,569 square feet, with 13,894 square feet currently available for lease.; Excellent location at the intersection of Novi Road and 12 Mile Road, near Twelve Oaks Mall.; Direct I-96 access provides easy connectivity throughout Michigan.
    Request Owner's contact information
    43420-43831 Oaks Dr 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
    43420-43831 Oaks Dr Novi, MI 48377
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