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    FOR SALE
    Commercial real estate

    45800 Grand River Ave, Novi, MI 48374

    Property ID
    US43-1799671
    Property summary
    AI-generated overview

    This exceptional 2-acre parcel presents a remarkable development opportunity in Novi, Michigan's burgeoning City West district. Located at 45800 Grand River Ave, this property boasts 180 feet of frontage on Grand River Avenue, ensuring high visibility and accessibility. Its prime location directly adjacent to the Suburban Collection Showplace guarantees significant daily traffic counts, making it ideal for a variety of commercial ventures. Currently zoned OST, the site will be sold as a cleared vacant parcel, simplifying the development process. The property's strategic position within the proposed City West zoning district offers significant future growth potential. Adding to its appeal, a Class-C liquor license is available for purchase alongside the land. This presents a unique opportunity for businesses requiring such a permit. Furthermore, potential land contract or seller financing arrangements may be considered, offering flexible acquisition options. This is a rare chance to acquire a highly visible, well-located commercial property in a thriving area with significant development potential. The property's size and location make it suitable for a wide range of commercial uses, from retail and office spaces to multifamily developments. Don't miss this chance to capitalize on this prime Novi location. The zip code is 48374, and the property is situated in Oakland County.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US43-1799671
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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