40705 13 Mile Rd Novi, MI 48377
- Land
- 17.56 lot acres
Current Use by Public Records
- Land
Property Details for 40705 13 Mile Rd
- Lot size
- 17.56 lot acres
- Property type
- Land
Description
This exceptional 17.56-acre land assemblage presents a rare investment opportunity in Novi, Michigan. Located at 40705 13 Mile Rd, just west of M-5, this property is currently zoned RA - Residential Agricultural, offering significant potential for rezoning to a higher density residential or office use. The assemblage consists of six parcels (APN: 22-12-101-047, 046, 049, 038, 035 & 051) totaling 17.56 acres, with an asking price of $3,150,000, or $179,385 per acre. Given Novi's robust residential growth and strong rental market, this site is ideally positioned for substantial future development. The property benefits from access to municipal water and sanitary sewer, simplifying infrastructure considerations for any future project. This is a unique chance to acquire a significant parcel of undeveloped land in a thriving Michigan community, poised for substantial appreciation. The proposed rezoning to multi-family or office use presents a compelling investment case, capitalizing on the area's high demand and limited supply of developable land. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Novi
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4492
- Latitude
- 42.5099
