42001 11 Mile Rd Novi, MI 48375
- Land
- 1.75 lot acres
Current Use by Public Records
- Land
Property Details for 42001 11 Mile Rd
- Lot size
- 1.75 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Novi
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4567
- Latitude
- 42.4811
