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    10 Mile And Novi Rd Livonia, MI 48150

    Sponsored
    For Sale
    Contact for pricing

    Prime Novi location, retail zoning, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional opportunity presents two vacant industrial land parcels for sale in the highly desirable Novi, Michigan market. The property is strategically located at the intersection of 10 Mile and Novi Road, boasting excellent visibility and accessibility. Parcel A encompasses 5 acres, while Parcel B offers a larger area ranging from 2 to 10 acres. Both parcels are zoned for retail use, providing significant flexibility for a variety of development projects. The location offers unparalleled access to major thoroughfares, with I-696 and I-275 within a 3-mile radius. High traffic counts are a key advantage, averaging approximately 42,000 vehicles daily on 10 Mile Road and 47,500 vehicles daily on Novi Road, ensuring substantial exposure for any business. The area is already home to numerous local and national retailers, further enhancing the property's appeal. The proximity to the charming downtown Northville, with its unique blend of locally-owned shops, adds to the overall desirability of this location. The property's APN is 46 115 03 0011 002. This is a rare chance to acquire prime industrial land in a thriving retail corridor. Serious inquiries are encouraged.

    Property Features for 10 Mile And Novi Rd

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • Two vacant land parcels available for sale.
    • Parcel A: 5 acres; Parcel B: 2‑10 acres.
    • Retail zoning.
    • Excellent Novi location, within 3 miles of I‑696 and I‑275.
    • High traffic counts: ~42,000 VPD on 10 Mile Road, ~47,500 VPD on Novi Road.
    • Near major retailers and the vibrant downtown Northville.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Livonia
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3682539
    Latitude
    42.3691884

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    FAQs

    What type of property is this?
    Land - Prime Novi location, retail zoning, high traffic.
    Where is this land located?
    The property is located at 10 Mile And Novi Rd Livonia, MI.
    What are key features of this property?
    This property features: Two vacant land parcels available for sale.; Parcel A: 5 acres; Parcel B: 2-10 acres.; Retail zoning.
    Request Owner's contact information
    10 Mile And Novi Rd Livonia, MI 48150
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    Livonia, MI 48150
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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
    10 Mile And Novi Rd Livonia, MI 48150
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