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Novi Land for Sale
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40705 13 Mile Rd, Novi, MI 48377

17.96 acres of land in Novi, Michigan.

Property SizeContact for details
Lot Size17.96 Acres
Days on Market1420

Property Features for 40705 13 Mile Rd

General Information

Standard status Active
Lot size 17.96 Acres
Property subtype Multifamily, Office, Land
Zoning RA - Residential Agricultural
Listing Agency: Thomas Duke Company
Listed By: Eric Szerlag · License #MI 6501343471
Source: Crexi
Added: Sep 23, 2022 Changed: Aug 7 Last Checked: Aug 7 at 5:09AM

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 Thomas Duke Company

Investment Insights

Based on property information with market context.

This property features 17.96 acres of land zoned for residential use. Located on 13 Mile Road, just west of M-5 in Novi, Michigan, the site is presented as suitable for rezoning to accommodate higher-density residential or office development.

Key Highlights

  • 17.96 Acres of land.
  • Zoned residential, with potential for higher density residential or office rezoning.
  • Located on 13 Mile.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Building Supply Electrical Service Auto Repair Shop HVAC Service Locksmith Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

286
Businesses Nearby

Demographics for 48377, MI

19,691
Population
9,961
Households
2
Avg Household Size
39
Median Age
52%
College-Educated
95%
High-School Grad
9.6 sq mi
ZIP Area
2,051
Density / Sq Mi
$83,368
Median Household Income
$54,373
Median Earnings
$1,439
Median Rent
$332,000
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - 17.96 acres of land in Novi, Michigan.
Where is this residential land & home lot located?
The property is located at 40705 13 Mile Rd Novi, MI.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 17.96 Acres of land.; Zoned residential, with potential for higher density residential or office rezoning.; Located on 13 Mile.
(248) 476-3700 Call to check price and availability
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