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    Grand Riv & Meadowbrook Rd Novi, MI 48375

    Sponsored
    For Sale
    Contact for pricing

    Prime Novi location, rezoned for retail. Four parcels available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering presents four distinct parcels totaling over 14.5 acres for sale in the highly desirable Novi, Michigan market. The property is strategically located at the intersection of Grand River and Meadowbrook Road, boasting excellent visibility and accessibility. The parcels are individually priced and sized as follows: Parcel A encompasses 5.75 acres and is listed at $4,000,000

    Property Features for 0 Grand Riv & Meadowbrook Rd

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • Four vacant land parcels available for sale.
    • Parcel A: 5.75‑acre parcel, $4,000,000 asking price.
    • Parcel B: 2.3‑acre parcel, $500,000 asking price.
    • Parcel C: 2‑acre parcel, $500,000 asking price.
    • Parcel D: 4.5‑acre parcel, $2,500,000 asking price.
    • Rezoned for gateway retail development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4555613
    Latitude
    42.4763435

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    FAQs

    What type of property is this?
    Land - Prime Novi location, rezoned for retail. Four parcels available.
    Where is this land located?
    The property is located at Grand Riv & Meadowbrook Rd Novi, MI.
    What are key features of this property?
    This property features: Four vacant land parcels available for sale.; Parcel A: 5.75-acre parcel, $4,000,000 asking price.; Parcel B: 2.3-acre parcel, $500,000 asking price.
    Request Owner's contact information
    Grand Riv & Meadowbrook Rd 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
    Grand Riv & Meadowbrook Rd Novi, MI 48375
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