Novi, MI Restaurants for Sale

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Wixom, MI South Lyon, MI Northville, MI Walled Lake, MI Commerce Township, MI Farmington Hills, MI Farmington, MI Milford, MI

9 properties

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Updated: Feb 20

Novi Land For Sale

9 Mile Road, Novi, MI 48375

$2,200,000

2.33 AC lot

Ideal for fast food, service, retail, or office uses.
Located at the northwest corner of 9 Mile and Haggerty Road.
Surrounded by dense residential neighborhoods.
Walking distance to a high‑volume Lifetime Fitness facility.
Easy access to I‑275, I‑96, M‑5, and I‑696.

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Updated: Jul 14

Turnkey Middle Eastern Restaurant

41490 GRAND RIVER Avenue Unit SourceFi, Novi, MI 48375

$174,900

4,956 sqft

Middle Eastern restaurant for sale in Novi’s new construction plaza
Restaurant has been operating for 10 years
Fully equipped kitchen included
Includes a dining area and all necessary fixtures for operation
No pool

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Fully Equipped Korean Restaurant

39743 Grand River Avenue, Novi, MI 48375

Contact for pricing

2,600 sqft

Fully equipped Korean restaurant for sale with an on-premise liquor license included in Oakland County.

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See what stands out in Oakland County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Multi-Tenant Retail Entertainment Venue

25750 Novi Road, Novi, MI 48375

Contact for pricing

26,150 sqft

Multi-tenant retail center with a fully built-out bar/nightclub/entertainment venue and an outdoor patio on the second level.

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Turn-Key Coffee Shop

25875 Novi Road, Novi, MI 48375

$49,000

Remodeled coffee and tea shop with included equipment and a lease extending through December 2028.

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Fully Equipped Restaurant

27155 S Karevich Dr, Novi, MI 48377

$3,500,000

11,921 sqft

C-zoned restaurant property with furniture, fixtures, and equipment included.

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Restaurant With Outdoor Seating

39915 Grand River Ave, Novi, MI 48375

$37,500

Deli space with commercial refrigeration, a walk-in cooler, and a kitchen arranged for high-volume food service.

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Restaurant Property

21420 Novi Road, Novi, MI 48375

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1.42 AC lot

Restaurant real estate occupies an acreage site.

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Land for Retail or Office

NWC 9 Mile Road & Haggerty Road, Novi, MI 48375

Contact for pricing

5,700 sqft

Land ideal for fast food, service, retail, or office.

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Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 9 Active listings in Novi, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Restaurant Investment with New Leases

17117 N Laurel Park Dr, Livonia, MI 48152

Contact for pricing

9,079 sqft

Two upscale restaurant concepts occupy a commercial property with direct I-275 access and five adjacent hotels.

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Former Freestanding Restaurant

38300 W 10 Mile Rd, Farmington, MI 48335

Contact for pricing

3,500 sqft

Freestanding restaurant site with visibility from 10 Mile and Grand River, near a major freeway interchange.

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Mixed-Use Building in Downtown Farmington

32821-32905 Grand River Ave, Farmington, MI 48336

Contact for pricing

9,584 sqft 0.76 AC lot

Two-story mixed-use building with restaurant and apartments in Farmington, MI.

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Shake Shack NNN Property

39300 7 Mile, Livonia, MI 48152

Contact for pricing

Absolute NNN ground lease at a signalized intersection in Livonia’s retail and office district.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Northville Commercial Pad Site Available

18803 Traditions Drive |, Northville, MI 48168

Contact for pricing

1.12 AC lot

1.12-acre pad site in Northville Park Place for sale.

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Corner Commercial Land

7125 N LILLEY Road, Canton Twp, MI 48187

$550,000

0.60 AC lot

Commercially zoned corner parcel with separate access points from Lilley Road and Warren Road.

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Corner Commercial Land

South Lyon, MI 48178

$1,199,900

15.90 AC lot

15.9 acres with commercial and residential zoning at a completed roundabout intersection.

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C-1 Commercial Land

Haggerty, Canton, MI 48188

$400,000

2.23 AC lot

C-1-zoned parcel with public water service and Haggerty Road frontage.

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Off-Market Properties in Novi, MI

Consider similar Off-Market properties in Novi, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Lifestyle centers

27175-27275 Haggerty Rd, Novi, MI 48377

Value Estimation by Request

176,160 sqft

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Restaurants

44325 12 Mile Rd, Novi, MI 48377

Value Estimation by Request

10,000 sqft

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Novi, MI Restaurants Market Trends and Statistics

Explore 11 restaurants for sale in Novi, MI, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 51,327 square feet of properties for sale, with an estimated market value of $5,961,400.

Sale prices for restaurant properties in Novi, MI start at $37,500, averaging $1,192,280, and reaching up to $3,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 62K

Population Growth (5Y) +11.9%

Median Household Income $124,389

College Educated 67.9%

High-Yield Neighborhoods for Investment

Identify Novi submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
48375	$615.4K
48377	$3.5M

Taxes & Financing

Tax Rate (average for all types) 4.06%

Property Tax per SF $88.65 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Oakland County

New Delisted

Total CRE Inventory on Market (SF)

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