Individually Owned Property summary
This exceptional 0.86-acre vacant land parcel presents a remarkable commercial development opportunity in Novi, Michigan. Located at 40875 Grand River Avenue, this property is zoned OS-1, allowing for a diverse range of commercial uses, including retail spaces, office buildings, and other suitable ventures. The expansive lot size offers significant flexibility for development plans, catering to both small-scale and large-scale projects. Its strategic location ensures high visibility and easy accessibility, promising a strong customer base. The asking price is $450,000, translating to approximately $580,787.55 per acre. The property's address is 40875 Grand River Avenue, Novi, MI 48375, within Oakland County. The parcel number (APN) is 2224326012. This prime location and zoning make this an attractive investment for developers and entrepreneurs seeking to establish a presence in a thriving commercial area. The ample space allows for substantial growth potential, making it an ideal choice for those seeking a versatile and strategically located property. This is a rare opportunity to acquire a significant commercial land parcel in a high-demand area.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
3-112 1003A.6 ...Off-street parking a vehicular... 89 - - - Text no longer required - Covered under Section 3.1.15.D, Development Standards on pg 3-34 and Selected References 1003A.7 Building Design 89 3 3.25.2.G 3-113 O…
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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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
OS-1 · Novi, MI3-112 1003A.6 ...Off-street parking a vehicular... 89 - - - Text no longer required - Covered under Section 3.1.15.D, Development Standards on pg 3-34 and Selected References 1003A.7 Building Design 89 3 3.25.2.G 3-113 O…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
3-112 1003A.6 ...Off-street parking a vehicular... 89 - - - Text no longer required - Covered under Section 3.1.15.D, Development Standards on pg 3-34 and Selected References 1003A.7 Building Design 89 3 3.25.2.G 3-113 O…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OS-1 in Novi, MI.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
