Property profile

46735 12 Mile Rd Novi, MI 48377

OFF-MARKET
Land
Property ID
US43-0866027
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
UPID US43-0866027

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

46735 12 Mile Rd Novi, MI 48377
Novi metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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