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    43155 Main St Novi, MI 48375

    Sponsored
    For Lease
    $20 SF/Yr ($6,741 /Mo)

    High-traffic Novi location, 4,045 sq ft.

    Lot size:
    4,045 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,045-square-foot retail space, formerly occupied by Mixx Sports Bar, presents a unique opportunity in Novi, Michigan. Located at 43155 Main Street, this single-tenant property boasts ample parking with 160 spaces, ensuring convenient access for customers. Built in 1998, the building is zoned TC-1, Town Center District 1, offering flexibility for a variety of uses. The entire space is currently vacant, providing a blank canvas for a new business to establish its presence. The property's prime location in Novi, Oakland County, offers high visibility and accessibility, making it an ideal spot for a thriving enterprise. The property's parcel numbers are 22-23-176-014 & 025. With its substantial square footage and convenient parking, this property is well-suited for a variety of retail concepts, particularly those that benefit from high foot traffic and visibility. The building's existing infrastructure provides a solid foundation for a quick and efficient transition to a new tenant. This is a rare opportunity to secure a prominent retail space in a thriving Michigan community. The property's location in the Town Center District 1 zoning area suggests potential for a wide range of commercial uses. The 48375 zip code further highlights its strategic location within Novi.

    Property Features for 43155 Main St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,045 SF
    Total Rate
    6741.67

    Building Details

    Year Built
    1998

    Unit(s) available at that property

    Space
    Suite 503
    Size
    4,045 SF
    Rate per SF
    $20

    HighLights

    • Partially furnished.
    • On‑site underground parking available.
    • Situated within the Atrium of Novi.
    • Maximum occupancy: 241 persons.
    Property Profile Location Intelligence

    Current Use by Public Records

    MentalNote® Software Company Zeamster Software Company Empower Financial Group ... Investment Service Cover 4 PM Software Company Caruana, Gellasch, and Associates ... Financial Planner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4707143
    Latitude
    42.478123

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    FAQs

    What type of property is this?
    Restaurant - High-traffic Novi location, 4,045 sq ft.
    Where is this restaurant located?
    The property is located at 43155 Main St Novi, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Partially furnished.; On-site underground parking available.; Situated within the Atrium of Novi.
    Request Owner's contact information
    43155 Main St Novi, MI 48375
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    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
    43155 Main St Novi, MI 48375
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