40000 Grand River Ave, Novi, MI 48375
This exceptional Novi, Michigan industrial property, located at 40000 Grand River Avenue, offers a diverse range of spaces ideal for manufacturing, flex, or R&D operations. The property, encompassing 105,184 square feet across five buildings, is classified as Class B and boasts a desirable location in Oakland County (APN: 22-24-251-018). Built in 1988 and renovated in 2000, the facility provides ample space with a minimum divisible unit of 2,361 square feet and a maximum contiguous space of 10,980 square feet. Currently, 51,283 square feet is available for lease. The property sits on a generous 3.84-acre lot and features convenient amenities including 80 total parking spaces and six drive-in bays. The high ceilings, measuring 16 feet, offer significant vertical space for various operational needs. The I-1 zoning ensures flexibility for a wide range of industrial uses. This multi-tenant property presents a unique opportunity for businesses seeking modern, well-maintained industrial space in a prime Novi location, with easy access to major transportation routes. The property's combination of size, flexibility, and amenities makes it an attractive option for companies of various sizes and industries.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.