39711-39877 Grand River Ave, Novi, MI 48375
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.