Property profile

39711-39877 Grand River Ave Novi, MI 48375

OFF-MARKET
Retail properties & Spaces
7,540 SF
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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

Location

39711-39877 Grand River Ave Novi, MI 48375
Novi metro
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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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