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Property profile & analytics
OFF-MARKET
Land

47440-47950 Grand River Ave Novi, MI 48374

1.83 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.83-acre commercial land parcel presents a prime investment opportunity in Novi, Michigan. Located at the northwest corner of Grand River Avenue and Beck Road, this B-2 zoned property boasts unparalleled visibility and accessibility. Its strategic position directly across from Providence Park Hospital and at the I-96 and Beck Road exit ensures high traffic volume and significant exposure. The property's location within an established retail corridor, alongside prominent businesses such as Kroger, Home Depot, Leo's Coney Island, and Olga's, guarantees a strong and thriving commercial environment. The asking price is $1,800,000, translating to approximately $983,606 per acre. The parcel's size and location make it ideal for a variety of commercial developments, capitalizing on the area's robust demographics and strong retail presence. The Oakland County location and 48374 zip code further enhance its desirability. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a rapidly growing area. The property's APN is 22-17-226-034. Don't miss this chance to secure a prime piece of Novi real estate.

Property profile
Verified
Property type Land
Lot 1.83 ac (79,715 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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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