0 Grand River Ave, Novi, MI 48375
This exceptional 3,500 square foot vacant industrial property, located on Grand River Avenue in Novi, Michigan (zip code 48375), presents a unique opportunity for businesses seeking a prime location. Situated on a 0.47-acre lot (APN 22-24-100-015), this property is zoned for light industrial use and is ideally situated in front of the Novi Commerce Center, offering excellent visibility and accessibility. The building is proposed as new construction, providing a modern and efficient space tailored to the needs of a variety of businesses. The property is currently vacant, allowing for immediate occupancy and customization to suit specific operational requirements. The lease type is NNN (Net, Net, Net), meaning the tenant is responsible for property taxes, insurance, and maintenance. This offers predictable and manageable operating costs. The property's location in Oakland County, Michigan, provides easy access to major transportation routes, making it an attractive option for businesses needing efficient logistics and distribution capabilities. This is a rare opportunity to secure a brand-new, strategically located industrial space in a thriving commercial area. The property's size and zoning make it suitable for a range of distribution and warehouse operations.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.