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    40400-40500 Grand River Ave Novi, MI 48375

    Sponsored
    For Lease
    $12 SF/Yr

    Modern Novi industrial space for lease. Multiple units available.

    Lot size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Novi Commerce Center, located at 40400-40500 Grand River Ave, Novi, MI 48375, offers exceptional industrial space for lease in Oakland County's Central I-96 Corridor. This Light Industrial zoned property, built in 1986, boasts a total of 30,000 square feet, with 10,000 square feet currently vacant and available for immediate occupancy. Multiple tenancy options are available, with spaces ranging from a minimum of 2,500 square feet to a maximum contiguous space of 5,000 square feet. The building features desirable characteristics for manufacturing and warehouse operations, including a 14-foot ceiling height, one dock-high door, and one drive-in door. This prime location in Novi offers easy access to major transportation routes within the Central I-96 Corridor, making it an ideal choice for businesses seeking efficient logistics and distribution capabilities. The property is well-suited for a variety of industrial uses. Contact us today to learn more about leasing opportunities.

    Property Features for 40400-40500 Grand River Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,000 SF
    Total Rate
    30000

    Building Details

    Year Built
    1986

    Unit(s) available at that property

    Space
    40440 AB
    Size
    5,000 SF
    Rate per SF
    $12
    Space
    Suite 40480 I
    Size
    2,500 SF
    Rate per SF
    $12
    Space
    Suite H
    Size
    2,500 SF
    Rate per SF
    $12

    HighLights

    • 2,500‑5,000 SF of light industrial space immediately available for lease.
    • 14' clear ceiling height.
    • One grade‑level door per 2,500 SF; truck wells available in some units.
    • Light Industrial zoning.
    • Building offers flexible interior layouts; renovation options available.
    • Ample parking available front and rear.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -83.4461053
    Latitude
    42.4748423

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    FAQs

    What type of property is this?
    Distribution property - Modern Novi industrial space for lease. Multiple units available.
    Where is this distribution property located?
    The property is located at 40400-40500 Grand River Ave Novi, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 2,500-5,000 SF of light industrial space immediately available for lease.; 14' clear ceiling height.; One grade-level door per 2,500 SF; truck wells available in some units.
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    40400-40500 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
    40400-40500 Grand River Ave Novi, MI 48375
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