42001 11 Mile Rd, Novi, MI 48375
This exceptional 1.75-acre parcel of vacant land presents a compelling investment opportunity in Novi, Michigan. Priced at $325,000, this property boasts an ideal location at 42001 West 11 Mile Road, offering unparalleled access to major thoroughfares including I-96, I-275, I-696, and M-5. The land is zoned I1 (Light Industrial), making it perfectly suited for a variety of development projects, including industrial, office, or medical facilities. Its strategic positioning near established commercial centers such as 12 Oaks Mall, Novi Town Center, West Oaks Shopping Center, and 12 Mile Crossing at Fountain Walk, ensures high visibility and accessibility. Further enhancing its appeal is the proximity to the proposed Sakura Novi development, an Asian-themed mixed-use project anticipated to commence construction soon. The property's APN is 22-23-226-021. With a land value of $76,230 per square foot, this offering represents a significant opportunity for developers seeking a prime location in a thriving market. The Oakland County location and 48375 zip code add to its desirability. This is a rare chance to acquire a substantial land parcel in a high-demand area with excellent infrastructure and future growth potential.
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.
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.