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    39711-39877 Grand River Ave Novi, MI 48375

    Sponsored
    For Lease
    $20 SF/Yr ($12,566 /Mo)

    7,540 SF Medical Office Space Available

    Lot size:
    7,540 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Pheasant Run Plaza, located at 39711-39877 Grand River Ave in Novi, Michigan, presents a unique opportunity for a single-tenant medical office user. This 7,540 square foot building is currently vacant and zoned B3 (General Business), offering flexibility for various medical or commercial uses. Situated on a high-traffic section of Grand River Avenue, just west of Haggerty Road, the property benefits from excellent visibility and accessibility. Its strategic location provides easy access to major freeways including I-96, I-696, I-275, and M-5, ensuring convenient commutes for patients and staff. Ample parking is available on-site. The property's potential is further enhanced by the construction of a new 30,000 square foot surgery center directly behind the building, promising increased foot traffic and visibility in the near future. This presents a compelling investment opportunity for a medical practice seeking a prominent location with strong growth potential in a thriving Oakland County community. The property's size makes it suitable for a variety of medical specialties or commercial businesses. The building is ready for immediate occupancy.

    Property Features for 39711-39877 Grand River Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,540 SF
    Total Rate
    12566.67

    Unit(s) available at that property

    Space
    Available Space
    Size
    7,540 SF
    Rate per SF
    $20

    HighLights

    • 7,540 SF vacant medical office building in Novi, MI.
    • Located on high‑traffic Grand River Ave, west of Haggerty Rd.
    • Excellent freeway access (I‑96, I‑696, I‑275, M‑5).
    • Ample on‑site parking.
    • Adjacent to a new 30,000 SF surgery center.
    • B3 zoning allows for flexible medical or commercial use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -83.4370286
    Latitude
    42.4712084

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    FAQs

    What type of property is this?
    Medical office - 7,540 SF Medical Office Space Available
    Where is this medical office located?
    The property is located at 39711-39877 Grand River Ave Novi, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 7,540 SF vacant medical office building in Novi, MI.; Located on high-traffic Grand River Ave, west of Haggerty Rd.; Excellent freeway access (I-96, I-696, I-275, M-5).
    Request Owner's contact information
    39711-39877 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
    39711-39877 Grand River Ave Novi, MI 48375
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