Property summary
This exceptional 31,309 square foot multi-tenant property, located at 39750 Grand River Ave, Unit A in Oakland County, presents a unique investment opportunity. Built in 1987 and extensively renovated in 2017, the building offers a blend of executive office and warehouse space, ideal for a variety of businesses. Currently, 9,395 square feet of raw space is available, providing a blank canvas for a tenant to customize the layout to perfectly match their operational needs. The existing structure allows for the flexible creation of an office-to-warehouse ratio tailored to specific requirements. The high ceilings, measuring 14 feet, offer ample vertical space for storage or specialized equipment within the warehouse area. The property's multi-tenant configuration provides a dynamic and collaborative environment. This prime location in Oakland County offers excellent access to major transportation routes and amenities, making it an attractive option for businesses seeking a functional and adaptable workspace. The available space is ready for immediate occupancy, allowing for a swift transition and commencement of operations. This is a rare opportunity to secure a versatile and well-maintained property in a desirable location. Don't miss out on this chance to establish your business in a space designed for success.
Property profile
VerifiedCap rate & NOI
Current use
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Car Dealership Car Wash
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Corporate Office
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Postal Service Courier Service
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Hardware & Home Improvement General Contractor
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
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
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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