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    45237 Grand River Ave Novi, MI 48375

    Sponsored
    For Lease
    $7 SF/Yr ($19,342 /Mo)

    7.61 Acres, 5,600 SF Available

    Lot size:
    29,196 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 29,196 square foot multi-tenant property, situated on a generous 7.61-acre lot in Oakland County's Central I-96 Corridor, presents a unique investment opportunity. The property comprises two buildings, both single-story structures built in 1973 and extensively renovated in 2022. Currently, 5,600 square feet of prime light industrial space is available for lease in the rear building. This space boasts a clear span design with a 14-foot ceiling height, four drive-in overhead doors (allowing for convenient drive-through access), and is equipped with 240V power, lighting, and heating. One office and one restroom are included. The front building is currently leased. The property's I-1 (Light Industrial) zoning allows for a variety of uses. Its strategic location on the south side of Grand River Avenue, east of Taft Road, offers excellent visibility and accessibility. The property is conveniently located a half-mile from Suburban Showplace and provides easy access to I-96 via Beck Road or Novi Road. The property features a total of 1000 AMPs, 440 Volts, and 3-phase power. Building dimensions for the available space are 78' x 72'. This property is ideal for businesses seeking versatile, well-maintained industrial space with excellent location and accessibility. The APN is 2215351012.

    Property Features for 45237 Grand River Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,196 SF
    Total Rate
    19342.35

    Building Details

    Year Built/Renovated
    1973/2022
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    5,600 SF
    Rate per SF
    $7

    HighLights

    • 5,600 square feet of light industrial space available.
    • Clear‑span warehouse with 14' clear height.
    • Four drive‑through overhead doors.
    • Building dimensions: 78' x 72'.
    • I‑1 (Light Industrial) zoning.
    • Half‑mile proximity to Suburban Showplace.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4932802
    Latitude
    42.4845747

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    FAQs

    What type of property is this?
    Individual retail property - 7.61 Acres, 5,600 SF Available
    Where is this individual retail property located?
    The property is located at 45237 Grand River Ave Novi, MI.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 5,600 square feet of light industrial space available.; Clear-span warehouse with 14' clear height.; Four drive-through overhead doors.
    Request Owner's contact information
    45237 Grand River Ave Novi, MI 48375
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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
    45237 Grand River Ave Novi, MI 48375
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