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    OFF-MARKET
    Land

    42001 11 Mile Rd, Novi, MI 48375

    1.75 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 1.75 ac (76,230 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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