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Property profile & analytics
OFF-MARKET
Land

42295 13 Mile Rd Novi, MI 48377

1.78 ac lot
Property ID
US43-2327481
Property summary
AI-generated overview

This exceptional 1.78-acre commercial land parcel presents a unique build-to-suit opportunity in Novi, Michigan. Located at 42295 W 13 Mile Road, this property boasts a highly desirable location just east of Novi Road, offering excellent visibility and accessibility. The asking price is $1,300,000, translating to a land value of $28 per square foot. Proposed plans, though not binding, illustrate the potential for a 9,000 square foot retail or office building. The site benefits from its strategic placement in front of a substantial luxury apartment complex and adjacent to a high-volume gas station, ensuring a strong customer base and high traffic flow. Furthermore, its proximity to major freeways – M-5, I-96, I-275, and I-696 – provides unparalleled connectivity throughout the region. This property is situated in Oakland County, Michigan, with the zip code 48377. The address is 42295 W 13 Mile Rd, Novi, MI. This is an ideal location for developers seeking a prime commercial site with significant development potential and strong surrounding demographics. The property's high visibility and convenient access make it an attractive investment for a variety of commercial ventures.

Property profile
Verified
Property type Land
Lot 1.78 ac (77,537 SF)
UPID US43-2327481
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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