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    47460 Eleven Mile Rd Novi, MI 48374

    Sponsored
    For Sale
    $2,400,000

    Prime Novi location, high traffic, development potential.

    Property size:
    2,582 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7.86-acre commercial land parcel presents a unique investment opportunity in Novi, Michigan. Located at 47460 W 11 Mile Rd, this property boasts a highly visible corner location on Beck Road, experiencing over 20,000 vehicles daily, ensuring significant exposure for any future development. The site is conveniently situated immediately south of Ascension Providence Hospital - Novi Campus, providing proximity to a substantial population base and potential customer traffic. The property is zoned R-3: One-Family Residential, offering flexibility for various development plans. An existing structure of approximately 2,500 square feet is currently on the site, presenting potential for repurposing or demolition. The land is priced at $2,400,000, translating to $305,343 per acre. The parcel's APN is 22-17-400-028. This prime location, combined with the existing structure and high traffic count, makes this a compelling opportunity for developers seeking a high-visibility site in a thriving community. The property's potential is further enhanced by its proximity to a major medical facility, creating a strong foundation for a variety of commercial ventures. Serious inquiries are encouraged to explore the possibilities of this exceptional property.

    Property Features for 47460 Eleven Mile Rd

    General Information

    Property type
    Land
    Square Feet
    2,582 SF
    Lot Size
    342,382 SF

    Building Details

    Stories
    2

    HighLights

    • High‑visibility corner lot on Beck Road, with over 20,000 vehicles per day.
    • Excellent location directly south of Ascension Providence Hospital's Novi campus.
    • 2,500 square foot existing building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Dental Office Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5170261
    Latitude
    42.4806443

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    FAQs

    What type of property is this?
    Land - Prime Novi location, high traffic, development potential.
    Where is this land located?
    The property is located at 47460 Eleven Mile Rd Novi, MI.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: High-visibility corner lot on Beck Road, with over 20,000 vehicles per day.; Excellent location directly south of Ascension Providence Hospital's Novi campus.; 2,500 square foot existing building.
    Request Owner's contact information
    47460 Eleven Mile Rd Novi, MI 48374
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    Novi, MI 48374
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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
    47460 Eleven Mile Rd Novi, MI 48374
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