12 Mile Rd Novi, MI 48377
This exceptional 14.33-acre land parcel, strategically located in Novi, Michigan's Meadowbrook Corporate Park, presents a unique investment opportunity for office development. The property, encompassing four parcels (APN: 50-22-13-301-026, 50-22-13-301-029, 50-22-13-100-037, 50-22-13-301-027), is zoned OST (Office Service Technology District), allowing for diverse uses including medical, corporate office, and high-tech development. All utilities are readily available. The site boasts excellent visibility and accessibility, with convenient access to the M-5 Haggerty connector and proximity to major expressways like I-96, I-275, and M-5. Its location within Meadowbrook Corporate Park offers a prestigious address and proximity to numerous restaurants and Twelve Oaks Mall. Individual parcels are also available for purchase, providing flexibility for various development scenarios. This prime location and versatile zoning make this a compelling opportunity for investors seeking a high-growth area with strong infrastructure and amenities. The asking price for the entire 14.33-acre site is $900,000. Don't miss this chance to acquire a significant land holding in a thriving Michigan market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
OST · Novi, MINovi. Always verify with local authorities before improvements.
Costs & Benchmarks
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.