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    24555 Novi Rd Novi, MI 48375

    Sponsored
    For Lease
    Contact for pricing

    Prime Novi location, 1-3 acre parcels.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property offering presents three strategically located outlots in Novi, Michigan, ranging from one to three acres. Situated at the intersection of major roadways including Novi Road, I-96, I-696, I-275, M-5, and M-102 (8 Mile Road), this location provides unparalleled access to the Midwest and Canada. The property benefits from its proximity to Detroit Metropolitan Wayne County Airport (less than 30 minutes away) and a robust logistics network enhanced by nearby rail and seaports. Each outlot boasts over 100 feet of frontage on Novi Road, with a shared access driveway, pre-planned setbacks, and detention facilities designed to minimize development costs and maximize density. The parcels are zoned B-3, General Business, and are suitable for a variety of uses, including medical offices, retail, and restaurants. A drive-thru window may be a possibility for all three parcels. This is an ideal opportunity for developers seeking a high-visibility location with excellent accessibility and infrastructure. The property is located just north of the intersection of Novi Road and 10 Mile Road, and south of Grand River Avenue and the Novi Road exit off I-96. Oakland County location, single tenancy.

    Property Features for 24555 Novi Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available Space
    Size
    0 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Detroit Indian Center Tutoring Service ATM Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -83.4764452
    Latitude
    42.4688236

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    FAQs

    What type of property is this?
    Restaurant - Prime Novi location, 1-3 acre parcels.
    Where is this restaurant located?
    The property is located at 24555 Novi Rd Novi, MI.
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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
    24555 Novi Rd Novi, MI 48375
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