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    OFF-MARKET
    Warehouses

    40028 Grand River Ave, Novi, MI 48375

    8,757 SF Built 1997
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Yasunaga Corp. America Industrial Manufacturer Production Facility
    • Explico Inc. - Detroit Engineering Consultant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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