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    OFF-MARKET
    Land

    0 Magellan Rd, Novi, MI 48377

    1.14 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 1.14 ac (49,658 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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