Property profile

40028 Grand River Ave Novi, MI 48375

OFF-MARKET
Warehouses
8,757 SF Built 1997
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Property summary

AI-generated overview

Grand Place Commons, located at 40028 Grand River Ave in Novi, Michigan, presents a unique opportunity to lease a single-tenant industrial/office space. This 8,757 square foot building sits on a generous 4.23-acre lot, offering ample space for operations and potential expansion. Built in 1997, the property boasts a desirable 16-foot ceiling height, ideal for various industrial uses or flexible office configurations. The zoning is I-1, allowing for a range of permitted activities. The property features approximately 4.73 parking spaces, providing convenient access for employees and clients. The entire building is currently vacant, presenting a blank canvas for a new tenant to customize the space to their specific needs. The property's address is 40028 Grand River Ave, Novi, MI 48375, and its Assessor's Parcel Number (APN) is 22-24-401-019 within Oakland County. This exceptional property offers a blend of office and warehouse space, making it suitable for a variety of businesses seeking a functional and spacious location in Novi. The property is available for lease.

Property profile

Verified
Property type Warehouses
Year built 1997
Total area 8,757 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Engineering Consultant

Location

40028 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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