Property profile

22735 Heslip Dr Novi, MI 48375

FOR SALE
Industrial land
Property ID
US43-2517677
1.31 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property, located at 22735 Heslip in Novi, Michigan, presents a significant opportunity for businesses seeking ample space and strategic location. Boasting a substantial 56,700 square feet of interior space, this building is ideally suited for a variety of industrial uses. The expansive 1.31-acre lot provides ample room for expansion, loading, and maneuvering of vehicles and equipment. The property's address in Novi offers excellent access to major transportation arteries, facilitating efficient logistics and distribution. The asking price of $200,000 represents a compelling value for the size and location of this industrial asset. This property is ready for immediate occupancy and presents a rare opportunity to acquire a significant industrial space in a highly desirable location. Serious inquiries are encouraged to explore the potential of this exceptional property and its suitability for various industrial operations. The property's size and location make it an attractive investment for businesses seeking to establish or expand their operations in the thriving Novi market. Further details and specifications are available upon request.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 1.31 ac (57,064 SF)
Zoning code I-1
APN 50-22-26-326-015
UPID US43-2517677

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

22735 Heslip Dr Novi, MI 48375
Novi metro Census 136300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2026
2 recorded transactions
2026
$175,000
2015
$42,500

Zoning & alternative use

I-1 · Novi, MI
Zoning description

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 Permitted 129 3 3.1.18.B 3-41 Intro text no longer required 1901.4 Public or private hea…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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