Property profile

9 Mile Rd & Haggerty Rd Novi, MI 48375

OFF-MARKET
Lifestyle centers
5,700 SF 2.33 ac lot
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Property summary

AI-generated overview

This exceptional new shopping center development, located at the northwest corner of 9 Mile and Haggerty Roads in Novi, Michigan (48375), offers 5,700 square feet of retail space across four units within a single, one-story building. The property sits on a 2.33-acre lot and boasts 91 parking spaces, making it highly accessible for customers. Its OS1 (Office Service) zoning permits a variety of uses, including fast food, service-oriented businesses, retail establishments, and office spaces. The strategic location benefits from high visibility at a major intersection, surrounded by dense residential neighborhoods and within walking distance of a high-traffic Lifetime Fitness facility. Excellent access to major freeways, including I-275, I-96, M-5, and I-696, as well as the bustling Haggerty Road retail corridor, ensures significant traffic flow. The property is ideally suited for businesses seeking high visibility and convenient access for customers. A drive-thru option is available, further enhancing its appeal. Delivery was expected in 2022. This property is also available for sale. The APN is 22-25-400-027.

Property profile

Verified
Property type Lifestyle centers
Total area 5,700 SF
Lot 2.33 ac (101,495 SF)

Cap rate & NOI

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

Location

9 Mile Rd & Haggerty Rd 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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