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    45237 Grand River Ave Novi, MI 48375
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    45237 Grand River Ave, Novi, MI 48375

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    • Warehouses
    • 29,196 SF
    • 7.61 lot acres
    Off-Market

    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Warehouses

    Property Details for 45237 Grand River Ave

    Year built
    1973
    Lot size
    7.61 lot acres
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional 29,196 square foot multi-tenant property, situated on a generous 7.61-acre lot in Oakland County's Central I-96 Corridor, presents a unique investment opportunity. The property comprises two buildings, both single-story structures built in 1973 and extensively renovated in 2022. Currently, 5,600 square feet of prime light industrial space is available for lease in the rear building. This space boasts a clear span design with a 14-foot ceiling height, four drive-in overhead doors (allowing for convenient drive-through access), and is equipped with 240V power, lighting, and heating. One office and one restroom are included. The front building is currently leased. The property's I-1 (Light Industrial) zoning allows for a variety of uses. Its strategic location on the south side of Grand River Avenue, east of Taft Road, offers excellent visibility and accessibility. The property is conveniently located a half-mile from Suburban Showplace and provides easy access to I-96 via Beck Road or Novi Road. The property features a total of 1000 AMPs, 440 Volts, and 3-phase power. Building dimensions for the available space are 78' x 72'. This property is ideal for businesses seeking versatile, well-maintained industrial space with excellent location and accessibility. The APN is 2215351012.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

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    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4933
    Latitude
    42.4846
    More about this property
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