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Industrial Space on Grand River
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40400-40500 Grand River Ave, Novi, MI 48375

Industrial space available on a 7-acre lot.

Space Size2,500 SF - 5,000 SF
Property Size30,000 SF
Lot Size7.00 Acres
Days on Market2660

Property Features for 40400-40500 Grand River Ave

General Information

Standard status Active
Size 2,500 SF - 5,000 SF
Lot size 7.00 Acres
Property subtype Industrial

Building Details

Building Size 30,000 SF
Year Built 1986
Tenancy Multiple

Spaces For Lease

at 40400-40500 Grand River Ave Contact us

40400-FG

Size
5,000 SF
Type
Industrial
Lease Type
Gross
Availability
Active
Contact us

Suite 40480 F

Size
2,500 SF
Type
Industrial
Lease Type
Gross
Availability
Active
Contact us

Suite 40480 J

Size
2,500 SF
Type
Industrial
Lease Type
Gross
Availability
Active
Contact us

Suite 40500 AB

Size
5,000 SF
Type
Industrial
Lease Type
Gross
Availability
Active
Contact us
Listing Agency: Signature Associates
Listed By: Jeff Lemanski · License #MI
Source: Crexi
Added: May 10, 2019 Changed: Aug 13 Last Checked: Aug 20 at 1:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Associates

Investment Insights

Based on property information with market context.

This industrial property offers a single available space situated on a 7-acre lot. The property is located on Grand River Avenue in Novi, Michigan.

Key Highlights

  • Industrial property on a generous 7 acre lot.
  • One space available for your business needs.
  • Built in 1986.

Property Analytics

Current Use

Industrial properties

Suggested Use

Top Pick Storage Facility Real Estate Agency Garden Center Hair Salon Pharmacy HVAC Service

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

809
Businesses Nearby

Demographics for 48375, MI

23,237
Population
10,223
Households
2.3
Avg Household Size
40
Median Age
63%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
2,766
Density / Sq Mi
$112,978
Median Household Income
$70,326
Median Earnings
$1,880
Median Rent
$348,900
Median Home Value

Market

Lease Benchmarks for Novi, MI

$12.26 /SF/Yr
Avg Asking Price
$9.6–$13.5 /SF/Yr
Price Range
18,273 SF
Avg Space Size

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Industrial property - Industrial space available on a 7-acre lot.
Where is this industrial property located?
The property is located at 40400-40500 Grand River Ave Novi, MI.
What are key features of this property?
This property features: Industrial property on a generous 7 acre lot.; One space available for your business needs.; Built in 1986.
More about this property
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