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    40000 Grand River Ave Novi, MI 48375

    Sponsored
    For Lease
    $10 SF/Yr

    Modern Novi industrial space, flexible layouts.

    Lot size:
    105,184 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Novi, Michigan industrial property, located at 40000 Grand River Avenue, offers a diverse range of spaces ideal for manufacturing, flex, or R&D operations. The property, encompassing 105,184 square feet across five buildings, is classified as Class B and boasts a desirable location in Oakland County (APN: 22-24-251-018). Built in 1988 and renovated in 2000, the facility provides ample space with a minimum divisible unit of 2,361 square feet and a maximum contiguous space of 10,980 square feet. Currently, 51,283 square feet is available for lease. The property sits on a generous 3.84-acre lot and features convenient amenities including 80 total parking spaces and six drive-in bays. The high ceilings, measuring 16 feet, offer significant vertical space for various operational needs. The I-1 zoning ensures flexibility for a wide range of industrial uses. This multi-tenant property presents a unique opportunity for businesses seeking modern, well-maintained industrial space in a prime Novi location, with easy access to major transportation routes. The property's combination of size, flexibility, and amenities makes it an attractive option for companies of various sizes and industries.

    Property Features for 40000 Grand River Ave

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    105,184 SF
    Class
    B
    Total Rate
    96331.01

    Building Details

    Year Built/Renovated
    1988/2000
    Buildings
    5

    Unit(s) available at that property

    Space
    Suite 110
    Size
    2,361 SF
    Rate per SF
    $11
    Space
    Suite 500
    Size
    11,488 SF
    Rate per SF
    $12
    Space
    Suite 201
    Size
    4,160 SF
    Rate per SF
    $11
    Space
    Suite 109 & 110
    Size
    4,831 SF
    Rate per SF
    $11
    Space
    Suite 200 & 201
    Size
    10,980 SF
    Rate per SF
    $12
    Space
    Suite 109
    Size
    2,470 SF
    Rate per SF
    $11
    Space
    Suite 200
    Size
    6,820 SF
    Rate per SF
    $12
    Space
    Suite 105
    Size
    7,389 SF
    Rate per SF
    $11
    Space
    Suite 300
    Size
    5,864 SF
    Rate per SF
    $10
    Space
    Suite 306
    Size
    5,900 SF
    Rate per SF
    $13

    HighLights

    • Novi, MI location in desirable technology park.
    • Professionally managed and maintained building.
    • 16' clear ceiling heights.
    • Flexible layouts with 10'x14' overhead doors.
    • Excellent access to I‑275, I‑696, and I‑96.
    Property Profile Location Intelligence

    Current Use by Public Records

    Camaco LLC Car Repair And Maintenance Service Abaris Behavioral Health Mental Health Service Novi technology center Business Center Oakwood Midwest Regional Furnished Apartment Building Omron Automation Americas ... Automation Company

    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
    -83.4407603
    Latitude
    42.4739244

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    FAQs

    What type of property is this?
    Life science property - Modern Novi industrial space, flexible layouts.
    Where is this life science property located?
    The property is located at 40000 Grand River Ave Novi, MI.
    What is the lease rate?
    The lease rate is $10-$13 SF/Yr.
    What are key features of this property?
    This property features: Novi, MI location in desirable technology park.; Professionally managed and maintained building.; 16' clear ceiling heights.
    Request Owner's contact information
    40000 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
    40000 Grand River Ave Novi, MI 48375
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