Property profile

0 Grand River Ave Novi, MI 48375

OFF-MARKET
Warehouses
3,500 SF 0.47 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Total area 3,500 SF
Lot 0.47 ac (20,473 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Grand River Ave Novi, MI 48375
Novi metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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