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    OFF-MARKET
    Industrial land

    47000 12th Mile Rd, Novi, MI 48377-3219

    3.04 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-5168317
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Industrial land
    Use group INDUSTRIAL - VACANT LAND
    Lot 3.04 ac (132,422 SF)
    Zoning code R-3
    APN 96-22-09-300-038
    UPID US43-5168317
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    47000 W Twelve Mile Road LLC
    47000 W Twelve Mile Road LLC
    since 2026
    7 recorded transactions
    2026
    $225,000
    2006
    2003
    $500,000
    2002
    $300,000
    2002
    2000
    1999
    Zoning & alternative use
    R-3 · Novi, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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