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    Life science properties

    40000 Grand River Ave, Novi, MI 48375

    105,184 SF Built 1988
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Life science properties
    Year built 1988
    Total area 105,184 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
    Current use
    Occupant on record · Public records
    • Camaco LLC Auto Repair Shop Vehicle Inspection Center
    • Abaris Behavioral Health Crisis Center Medical Clinic
    • Novi technology center Business Service Center Corporate Office
    • Oakwood Midwest Regional Vacation Rental
    • Omron Automation Americas - Proof of Concept Center, Detroit Production Facility
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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