Property profile

40400-40500 Grand River Ave Novi, MI 48375

OFF-MARKET
Warehouses
30,000 SF Built 1986
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Property summary

AI-generated overview

The Novi Commerce Center, located at 40400-40500 Grand River Ave, Novi, MI 48375, offers exceptional industrial space for lease in Oakland County's Central I-96 Corridor. This Light Industrial zoned property, built in 1986, boasts a total of 30,000 square feet, with 10,000 square feet currently vacant and available for immediate occupancy. Multiple tenancy options are available, with spaces ranging from a minimum of 2,500 square feet to a maximum contiguous space of 5,000 square feet. The building features desirable characteristics for manufacturing and warehouse operations, including a 14-foot ceiling height, one dock-high door, and one drive-in door. This prime location in Novi offers easy access to major transportation routes within the Central I-96 Corridor, making it an ideal choice for businesses seeking efficient logistics and distribution capabilities. The property is well-suited for a variety of industrial uses. Contact us today to learn more about leasing opportunities.

Property profile

Verified
Property type Warehouses
Year built 1986
Total area 30,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

40400-40500 Grand River Ave Novi, MI 48375
Novi metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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