42860 9th Mile Rd Novi, MI 48375-4122
- Commercial real estate
- 48,316 SF
- 3.40 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 42860 9th Mile Rd
- Year built
- 1986
- Lot size
- 3.40 lot acres
- Property size
- 48,316 SF
- Zone code
- I-1
- Property type
- Commercial real estate
- APN
- 50-22-26-377-020
- APU
- 502226377020
Description
This exceptional 4,709 square foot executive office suite is located at 42860 W 9 Mile Rd in Novi, Michigan, 48375. Situated in a Class C building, this space offers a prime opportunity for businesses seeking a well-maintained and conveniently located office environment. The building, constructed in 1986 and renovated in 1993, boasts a total of 49,783 square feet spread across two stories. The suite itself is currently vacant and ready for immediate occupancy. Ample parking is available with 90 spaces provided for tenants and visitors. The property is zoned L-1 and features a multiple tenancy structure. The building's address is conveniently located near Novi Road, offering easy access to major transportation routes. The Oakland County location provides access to a robust business community and a diverse workforce. The property's APN is 22-26-377-020. This turnkey office space presents a unique opportunity to establish or expand your business in a desirable location. The suite's size and layout are ideal for a variety of business needs. Don't miss this chance to secure a well-maintained and strategically located office space in the thriving Novi market.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,829,000
- AI Estimate
- $4,048,000
Market price range: $4.83M - $9.36MMarket price range: $4.05M - $9.36M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $6,535,000 Current use
- AUTO REPAIR, GARAGE
- $5,920,000 Change: -9% Conversion: Difficult
- OFFICE BUILDING
- $5,665,000 Change: -13% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Novi
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4669
- Latitude
- 42.4531
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA