47440-47950 Grand River Ave Novi, MI 48374
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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