Property profile

45800 Grand River Ave Novi, MI 48374

FOR SALE
Other retail properties
Property ID
US43-1799671
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Property summary

AI-generated overview

The property consists of a 2-acre commercial land parcel with approximately 180 feet of frontage on Grand River Avenue. It is located on the north side of Grand River Avenue, directly beside Suburban Showplace, and falls within the City West zoning district; the listing indicates it is currently zoned City West North. The zoning and public remarks reference changes to permitted development, including the potential for a mixed-use development up to eight stories, subject to the City’s zoning ordinance and development requirements. The site is described as buildable under the referenced approved zoning, and the parcel also has an associated Class-C liquor license noted as available for the site.

Property profile

Verified
Property type Other retail properties
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

Location

45800 Grand River Ave Novi, MI 48374
Novi metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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