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Property profile & analytics
OFF-MARKET
Lifestyle centers

47440-47950 Grand River Ave Novi, MI 48374

303,962 SF
Property ID
Property summary
AI-generated overview

Westmarket Square, located at 47440-47950 Grand River Ave in Novi, Michigan, presents a prime retail opportunity within the bustling Central I-96 Corridor. This single-story, 303,962 square foot shopping center sits on a 1.8-acre lot and is zoned B-2. The property boasts a strong tenant roster including national brands like Kroger and Home Depot, alongside local favorites such as Leo's Coney Island and Olga's. Currently, there are 7,832 square feet of vacant space available, divisible into units as small as 1,310 square feet, with a maximum contiguous space of 2,400 square feet. The center enjoys exceptional visibility at the northwest corner of Grand River Avenue and Beck Road, directly across from Providence Park Hospital and conveniently located at the I-96 and Beck Road exit. This location offers unparalleled access to a large and diverse customer base. The property's APN is 50-22-17-226-005, and it's situated in Oakland County, Michigan, zip code 48374. An additional 1.83-acre outlot is also available. This is an exceptional opportunity to establish or expand your retail presence in a high-demand location.

Property profile
Verified
Property type Lifestyle centers
Total area 303,962 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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