Financial
Distress signals
Property profile

42450 W Twelve Mile Rd Novi, MI 48377

FOR LEASE
Commercial real estate
Property ID
US43-0220537
22,929 SF 1.42 ac lot Built 1988
Last sale Nov 2025 · $1,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 25,500-square-foot office building presents a unique opportunity for businesses seeking a prestigious location in Novi, Michigan. Situated at 42450 W 12 Mile Rd, this traditional office space offers unparalleled visibility on a major thoroughfare. The building boasts a highly desirable location near Twelve Oaks Mall, upscale residential neighborhoods, and senior living communities, ensuring a strong tenant base and convenient access to amenities. Its proximity to I-96 and

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$55k
Tax billed · 2023
Assessed value$1.20M
Effective rate4.58%

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$148/SF
Submarket average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$100 – $212
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
OS-1
3-112 1003A.6 ...Off-street parking a vehicular... 89 - - - Text no longer required - Covered under Section 3.1.15.D, Development Standar...
General categoryUNKNOWN
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop14.6
Building Supply13.3
Realty agency12.4

Location

42450 W Twelve Mile Rd Novi, MI 48377
County assessor Recorded deeds · 6 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
46785 Magellan, Novi, MI 48377-2453 $1,650,000 Aug 2022 16,027 SF
31260 Wakefield, Novi, MI 48377-4514 $500,000 Jun 2022 10,376 SF
27780 Novi, Novi, MI 48377-3401 $5,450,000 Apr 2022 39,714 SF
2150 Old Novi, Novi, MI 48377-2070 $764,463 Jan 2022 2,994 SF
41555 12th Mile, Novi, MI 48377-3103 $6,150,000 Aug 2020 40,138 SF
39465 14th Mile, Novi, MI 48377-1600 $407,000 Aug 2019 2,754 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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