46735 12 Mile Rd, Novi, MI 48377
This exceptional 2.85-acre land parcel in Novi, Michigan, presents a remarkable opportunity for development. Comprising two lots (1.89 acres and 0.96 acres respectively), located at 46735 & 46745 W Twelve Mile Rd, 48377, this property is master-planned for a diverse range of uses. The approved zoning allows for the construction of office, service, technology R&D, medical facilities, and even a hotel, with a retail service overlay. The site benefits from its strategic location within an established area featuring a blend of residential, industrial, and medical office buildings, ensuring a vibrant and dynamic environment. Its convenient access to major thoroughfares, including I-96, I-696, and I-275, provides excellent connectivity and accessibility. Furthermore, the property boasts the advantage of readily available municipal sewer and water services, simplifying the development process and reducing infrastructure costs. This prime location and flexible zoning make this land an ideal investment for developers seeking a high-impact project in a thriving Michigan community. The property's size and zoning flexibility offer significant potential for a variety of development scenarios, catering to a wide range of commercial and potentially residential needs. This is a rare opportunity to acquire a substantial land parcel in a desirable location with pre-approved mixed-use zoning.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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.