10 Mile And Novi Rd Livonia, MI 48150
This exceptional opportunity presents two vacant industrial land parcels for sale in the highly desirable Novi, Michigan market. The property is strategically located at the intersection of 10 Mile and Novi Road, boasting excellent visibility and accessibility. Parcel A encompasses 5 acres, while Parcel B offers a larger area ranging from 2 to 10 acres. Both parcels are zoned for retail use, providing significant flexibility for a variety of development projects. The location offers unparalleled access to major thoroughfares, with I-696 and I-275 within a 3-mile radius. High traffic counts are a key advantage, averaging approximately 42,000 vehicles daily on 10 Mile Road and 47,500 vehicles daily on Novi Road, ensuring substantial exposure for any business. The area is already home to numerous local and national retailers, further enhancing the property's appeal. The proximity to the charming downtown Northville, with its unique blend of locally-owned shops, adds to the overall desirability of this location. The property's APN is 46 115 03 0011 002. This is a rare chance to acquire prime industrial land in a thriving retail corridor. Serious inquiries are encouraged.
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.