M-5 Mile Rd Commerce Charter Township, MI 48377
This exceptional 5-acre commercial land parcel presents a unique investment opportunity in Novi, Michigan. Strategically located at the high-traffic intersection of M-5 and 14 Mile Road, this property boasts unparalleled visibility and convenient access to major thoroughfares including I-696 and I-275. The site comprises two parcels, 4.08 acres (Parcel ID: 50-22-01-200-021) and 1.14 acres (Parcel ID: 50-22-01-22-020), totaling 5.22 acres. Its prime location makes it ideal for a wide range of commercial developments. Potential uses include, but are not limited to, the construction of an office building, medical facility, recreational facility, daycare center, or bank branch. The asking price for this exceptional property is $1,000,000. This is a rare opportunity to acquire a significant commercial land holding in a thriving Oakland County market with excellent access to major transportation arteries. Don't miss this chance to secure a prominent location for your next venture. The property is located in Commerce Charter Township, Novi, MI, 48377.
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.
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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.