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    OFF-MARKET
    Retail properties & Spaces

    39711-39877 Grand River Ave, Novi, MI 48375

    7,540 SF
    Property ID
    Property summary
    AI-generated overview

    Pheasant Run Plaza, located at 39711-39877 Grand River Ave in Novi, Michigan, presents a unique opportunity for a single-tenant medical office user. This 7,540 square foot building is currently vacant and zoned B3 (General Business), offering flexibility for various medical or commercial uses. Situated on a high-traffic section of Grand River Avenue, just west of Haggerty Road, the property benefits from excellent visibility and accessibility. Its strategic location provides easy access to major freeways including I-96, I-696, I-275, and M-5, ensuring convenient commutes for patients and staff. Ample parking is available on-site. The property's potential is further enhanced by the construction of a new 30,000 square foot surgery center directly behind the building, promising increased foot traffic and visibility in the near future. This presents a compelling investment opportunity for a medical practice seeking a prominent location with strong growth potential in a thriving Oakland County community. The property's size makes it suitable for a variety of medical specialties or commercial businesses. The building is ready for immediate occupancy.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 7,540 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
    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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