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    46735 Twelve Mile Rd Novi, MI 48377

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    Contact for pricing

    2.85 Acres, Mixed-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.85-acre land parcel in Novi, Michigan, presents a remarkable opportunity for development. Comprising two lots (1.89 acres and 0.96 acres respectively), located at 46735 & 46745 W Twelve Mile Rd, 48377, this property is master-planned for a diverse range of uses. The approved zoning allows for the construction of office, service, technology R&D, medical facilities, and even a hotel, with a retail service overlay. The site benefits from its strategic location within an established area featuring a blend of residential, industrial, and medical office buildings, ensuring a vibrant and dynamic environment. Its convenient access to major thoroughfares, including I-96, I-696, and I-275, provides excellent connectivity and accessibility. Furthermore, the property boasts the advantage of readily available municipal sewer and water services, simplifying the development process and reducing infrastructure costs. This prime location and flexible zoning make this land an ideal investment for developers seeking a high-impact project in a thriving Michigan community. The property's size and zoning flexibility offer significant potential for a variety of development scenarios, catering to a wide range of commercial and potentially residential needs. This is a rare opportunity to acquire a substantial land parcel in a desirable location with pre-approved mixed-use zoning.

    Property Features for 46735 Twelve Mile Rd

    General Information

    Property type
    Land

    HighLights

    • 2.85‑acre land parcel in Novi, MI, comprised of two lots (1.89 acres and 0.96 acres).
    • Located at 46735 & 46745 W Twelve Mile Rd, Novi, MI 48377.
    • Approved zoning for office, service, technology R&D, medical, and hotel uses, with retail service overlay.
    • Situated in a mixed‑use area with residential, industrial, and medical office buildings.
    • Excellent access to I‑96, I‑696, and I‑275.
    • Municipal sewer and water available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5083048
    Latitude
    42.4941906

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    FAQs

    What type of property is this?
    Land - 2.85 Acres, Mixed-Use Potential
    Where is this land located?
    The property is located at 46735 Twelve Mile Rd Novi, MI.
    What are key features of this property?
    This property features: 2.85-acre land parcel in Novi, MI, comprised of two lots (1.89 acres and 0.96 acres).; Located at 46735 & 46745 W Twelve Mile Rd, Novi, MI 48377.; Approved zoning for office, service, technology R&D, medical, and hotel uses, with retail service overlay.
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    46735 Twelve Mile Rd Novi, MI 48377
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    Novi, MI 48377
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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
    46735 Twelve Mile Rd Novi, MI 48377
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