40028 Grand River Ave, Novi, MI 48375
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.
-
Yasunaga Corp. America Industrial Manufacturer Production Facility
-
Explico Inc. - Detroit Engineering Consultant
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.