Property profile

47000 12th Mile Rd Novi, MI 48377

OFF-MARKET
Industrial land
Property ID
US43-5168317
3.04 ac lot
Entity Owned Absentee Owner Free & Clear
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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

Location

47000 12th Mile Rd Novi, MI 48377-3219
Novi metro Census 133102 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2026
7 recorded transactions
2026
$225,000
2006
Price N/A
2003
$500,000
2002
$300,000
2002
Price N/A
2000
Price N/A
1999
Price N/A

Zoning & alternative use

R-3 · Novi, MI
General category RESIDENTIAL

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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