Property profile

41895 11 Mile Rd Novi, MI 48375

OFF-MARKET
Office Spaces
1,373 SF Built 2007
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Property summary

AI-generated overview

This exceptional executive office condo, located at 41895 W 11 Mile Rd in Novi, Michigan, 48375, presents a unique investment opportunity. Built in 2007, this property boasts a flexible floor plan ranging from 1,373 to 5,008 square feet, perfectly suited for a variety of business needs. The permitted zoning is Condominium Light Industrial, offering versatility for potential future uses. The asking price is $785,000. Situated in the heart of Novi, this office space enjoys unparalleled convenience, with easy access to major freeways including I-96, M-5, and I-275. Its proximity to the Novi Town Center and the new Sakura development provides excellent visibility and accessibility. Despite its prime location, the building offers a tranquil and quiet atmosphere. The existing office build-out features a spacious open bullpen area, several large private offices, well-appointed conference rooms, a welcoming reception area, and convenient in-suite restrooms. This turnkey solution allows businesses to move in immediately and begin operations, utilizing the existing layout or customizing it to perfectly match their specific requirements. This is a rare opportunity to acquire a high-quality office condo in a thriving Michigan community.

Property profile

Verified
Property type Office Spaces
Year built 2007
Total area 1,373 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Dental Office
  • Employment Agency
  • Financial Advisor
  • Accounting Firm Tax Preparation

Location

41895 11 Mile 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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