Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    40400-40500 Grand River Ave Novi, MI 48375

    • Warehouses
    • 30,000 SF
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 40400-40500 Grand River Ave

    Year built
    1986
    Property size
    30,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4461
    Latitude
    42.4748

    Comparable in this City

    • Value Estimation by Request
      30,000 SF

      39810 Grand River Ave

      Distribution properties • 30,000 SF
      39810 Grand River Ave, Novi, MI 48375
      View Details
    • Value Estimation by Request
      29,196 SF

      45237 Grand River Ave

      Individual retail properties • 29,196 SF
      45237 Grand River Ave, Novi, MI 48375
      View Details
    • Value Estimation by Request
      13,187 SF

      25800 Novi Rd

      Distribution properties • 13,187 SF
      25800 Novi Rd, Novi, MI 48375
      View Details
    • Value Estimation by Request
      20,500 SF

      41200 Bridge St

      Distribution properties • 20,500 SF
      41200 Bridge St, Novi, MI 48375
      View Details
    • Value Estimation by Request
      3,500 SF

      Grand River Ave

      Distribution properties • 3,500 SF
      0 Grand River Ave, Novi, MI 48375
      View Details
    • Value Estimation by Request
      19,544 SF

      25849-25921 Meadowbrook Rd

      Distribution properties • 19,544 SF
      25849-25921 Meadowbrook Rd, Novi, MI 48375
      View Details

    Similar Nearby for Sale

    • $1,690,000
      13,187 SF

      Novi Road Multi-Use Property

      13,187 SF Office & Warehouse
      25800 Novi Rd, Novi, MI 48375
      View Details
    • $2,200,000
      11,050 SF

      Well-Maintained Building on Grand River

      Well-maintained building with frontage on Grand River Avenue.
      40350 Grand River Ave, Novi, MI 48375
      View Details
    • $300,000
      1.59 Acres

      Novi Road Commercial Land

      1.6-Acre Site, Approved Plans
      25125 Novi Rd, Novi, MI 48375
      View Details
    • $200,000
      56,700 SF

      Novi Industrial Building - 56,700 SF

      Large industrial space, Novi, MI. 1.31 acres. $200,000.
      22735 Heslip Dr, Novi, MI 48375
      View Details
    • $200,000
      1.31 Acres

      Novi Industrial Land - $200K

      1.31-acre industrial lot, Novi, MI.
      22735 Heslip Dr, Novi, MI 48375
      View Details
    • New
      $515,000
      0.23 Acres

      Prime Commercial Land in Novi

      Vacant lot in Novi's thriving commercial corridor.
      13 Novi Rd, Novi, MI 48375
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      30,000 SF

      Novi Commerce Center: Industrial Space

      Modern Novi industrial space for lease. Multiple units available.
      40400-40500 Grand River Ave, Novi, MI 48375
      View Details
    • $7 SF/Yr
      29,196 SF

      Grand River Ave Industrial Space

      7.61 Acres, 5,600 SF Available
      45237 Grand River Ave, Novi, MI 48375
      View Details
    • Contact for pricing
      3,500 SF

      Novi Warehouse - I-96 Corridor

      New Construction, 3,500 SF Warehouse
      0 Grand River Ave, Novi, MI 48375
      View Details
    • Contact for pricing
      40,000 SF

      Novi Warehouse: 40,000 SF Available

      Spacious Novi warehouse, ideal for industrial use.
      0 Heslip Dr, Novi, MI 48375
      View Details
    • $15 SF/Yr
      20,500 SF

      Novi Corporate Center: Office & Industrial Space

      Modern Novi Office/Flex/Warehouse Space Available
      41200 Bridge St, Novi, MI 48375
      View Details
    • $12 SF/Yr
      8,757 SF

      Renovated Flex Office Sublease

      8,757 SF flex space available for sublease.
      40028 Grand River Ave, Novi, MI 48375
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40400-40500 Grand River Ave
    Novi, MI 48375
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.