Entity Owned Property summary
This exceptional 0.65-acre commercial land parcel presents a prime development opportunity in Novi, Michigan. Strategically located at the hard corner of Grand River Avenue and Wixom Road, this outlot sits directly in front of a Sam's Club, benefiting from the significant traffic generated by this major retailer and other nearby big-box stores. The property's high visibility and convenient access make it ideal for a variety of commercial uses. The address is 27300 Wixom Road, Novi, MI 48374, within Oakland County. This location offers unparalleled exposure to a substantial customer base, ensuring strong potential for business success. The site's size provides ample space for development, allowing for flexibility in design and functionality. This is a rare opportunity to acquire a highly desirable commercial land parcel in a thriving retail corridor. The property is classified as commercial land and is ready for immediate development. Its prime location and high traffic count make it an exceptional investment opportunity. Don't miss this chance to secure a prominent location in a bustling area of Novi. The latitude and longitude coordinates are 42.4916002, -83.5348267 respectively.
Property profile
VerifiedCap rate & NOI
Current use
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Hearing Aid Store
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Pharmacy
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Eye Care Center
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Bakery Specialty Food Shop
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Gas Station
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
I-1 · Novi, MII-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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-1 in Novi, MI.
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