45800 Grand River Ave, Novi, MI 48374
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
4 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.