Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R-3 · Novi, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-3 in Novi, MI.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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