0 Magellan Rd, Novi, MI 48377
This exceptional 1.14-acre parcel presents a rare opportunity for development in the highly sought-after Beck West Corporate Park in Novi, Michigan. Located on Magellan Road, Lot 28, this property boasts a Light Industrial zoning designation (APN 2209326006), making it ideal for a variety of industrial uses. All utilities are conveniently available on-site, simplifying the construction process and minimizing upfront costs. The strategic location offers immediate access to I-96 Freeway, ensuring seamless transportation and logistics for any business. This prime piece of land is priced competitively at $200,000, representing a significant value proposition within this premier West Side corporate park. The property's size and zoning make it suitable for a range of industrial projects, offering investors and developers a chance to capitalize on Novi's thriving business environment. The address is Magellan Road Lot 28, Novi, MI 48377, within Oakland County. Don't miss this chance to acquire a valuable asset in a highly desirable location.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.