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Property profile

44855 Grand Riv Ave Novi, MI 48375

OFF-MARKET
Other commercial real estate
Property ID
US43-1988019
2,484 SF 0.28 ac lot Built 1955
Last sale Jul 2022 · $345,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. 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

The property is a mixed-use building with ground-floor commercial space and two one-bedroom residential apartments on the second level. The first-floor commercial area has commercial-grade flooring and had interior paint refreshes; it is configured as one commercial suite and is not currently used for residential occupancy. The second level consists of two separate one-bedroom apartments that are historically described as occupied. The building is located on Grand River, approximately one mile…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$92k
Effective rate5.29%

Value estimate

· Nov 2026
$430k
$387k – $473k

Realmo valuation models over county records and 51 qualifying comparable sales.

Recently sold

What actually traded nearby?
$135/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$100 – $194
Qualifying comparables51

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?
I-1
I-1 Light Industrial District 129 - - - Found in multiple Articles and Sections 1900 Intent 129 3 3.1.18.A 3-40 1901 Principal Uses Permi...
General categoryINDUSTRIAL
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.1
HVAC Service12.2
Storage Facility11.5

Location

44855 Grand Riv Ave Novi, MI 48375-1039
County assessor Recorded deeds · 3 transfers 51 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
40001 Grand Riv, Novi, MI 48375-2172 $350,000 Feb 2024 4,494 SF
42300 11th Mile, Novi, MI 48375-1817 $3,500,000 Jan 2024 4,608 SF
24555 Novi, Novi, MI 48375-2409 $1,950,000 Jun 2023 4,948 SF
26179 Novi, Novi, MI 48375-1140 $530,000 Feb 2023 1,886 SF
43407 Grand Riv, Novi, MI 48375-1106 $935,000 Jul 2022 2,126 SF
40799 Grand Riv, Novi, MI 48375-2813 $1,400,000 Feb 2022 2,695 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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