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Property profile & analytics
OFF-MARKET
Warehouses

45237 Grand River Ave Novi, MI 48375

29,196 SF 7.61 ac lot Built 1973
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Year built 1973
Total area 29,196 SF
Lot 7.61 ac (331,492 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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