47000 12th Mile Rd, Novi, MI 48377-3219
This exceptional 475,000 USD commercial land parcel presents a unique development opportunity in Novi, Michigan's thriving 12 Mile Road corridor. Situated at 47000 Twelve Mile Road, Novi, MI 48377 (42.496153, -83.51227), this property is ideally located within Oakland County, offering excellent access to major transportation routes and a robust local economy. The land is designated for commercial use, providing developers with significant flexibility in project design and implementation. This prime location benefits from high visibility and strong traffic counts, making it an attractive site for a variety of commercial ventures. The asking price of $475,000 reflects the significant potential of this strategically positioned land parcel. Serious inquiries are encouraged to explore the possibilities of this exceptional development opportunity. The property's size and zoning regulations will need to be verified independently by prospective buyers. This is a rare chance to acquire a substantial piece of land in a highly sought-after area, poised for significant growth and return on investment. Don't miss this chance to secure your stake in Novi's vibrant commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-3 · Novi, MINovi. Always verify with local authorities before improvements.
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.