Shopping Center

Novi, MI Shopping Centers for Sale

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Wixom, MI South Lyon, MI Northville, MI Walled Lake, MI Commerce Twp, MI Farmington Hills, MI Milford, MI Farmington, MI
Multi-Tenant Retail Shopping Center
Updated: Jul 17
Multi-Tenant Retail Shopping Center

24025-24095 Meadowbrook Road, Novi, MI 48375

$5,250,000
24,949 sqft 2.70 AC lot
1986‑built 24,949 SF multi‑tenant retail building
Set on a 2.7‑acre lot with 172 surface parking spaces
Located in a dense retail corridor with national tenants including Walmart, Hobby Lobby, and Walgreens
11,400+ people reside within a 1‑mile radius
69,500+ people reside within a 3‑mile radius and 66,000+ daytime employees within 3 miles
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Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 1 Active listings in Novi, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 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.

Neighborhood Retail Center Suite
Neighborhood Retail Center Suite

28921 7 Mile Road Unit SourceFi, Livonia, MI 48152

Contact for pricing
8,400 sqft

Fully rehabbed retail suite within a neighborhood shopping center supported by 29,000+ daily passing motorists.

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Retail Space in Farmington Hills
Retail Space in Farmington Hills

25938 Middlebelt Road |, Farmington Hills, MI 48336

Contact for pricing
74 sqft

Retail space in Kroger-anchored shopping center at 11 Mile and Middlebelt.

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Grocery Anchored Neighborhood Center
Grocery Anchored Neighborhood Center

33523 8 Mile Road |, Livonia, MI 48152

Contact for pricing

High-traffic Livonia shopping center with recent Kroger expansion.

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Hunter's Square Retail Opportunity
Hunter's Square Retail Opportunity

30825 Orchard Lake Road |, Farmington Hills, MI 48334

Contact for pricing

Retail space available in redeveloping Hunter's Square.

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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
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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Prime Commercial Land in Westland
Prime Commercial Land in Westland

7051 N Wayne Rd, Westland, MI 48185

Contact for pricing

Hard corner lot with high traffic, ideal for retail.

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Prime Corner Land Opportunity
Prime Corner Land Opportunity

South Lyon, MI 48178

$1,199,900
15.90 AC lot

15.9 acres at a busy intersection with commercial/residential zoning.

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Prime Land on M-59
Prime Land on M-59

V/L Highland Road, White Lake, MI 48383

$999,900
10.00 AC lot

10 acres on M-59 with frontage and utilities.

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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.

47440-47950 Grand River Ave
Lifestyle centers

47440-47950 Grand River Ave, Novi, MI 48374

Value Estimation by Request
303,962 sqft
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27175-27275 Haggerty Rd
Lifestyle centers

27175-27275 Haggerty Rd, Novi, MI 48377

Value Estimation by Request
176,160 sqft
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9 Mile Rd & Haggerty Rd
Lifestyle centers

9 Mile Rd & Haggerty Rd, Novi, MI 48375

Value Estimation by Request
5,700 sqft 2.33 AC lot
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24049 Meadowbrook Rd
Lifestyle centers

24049 Meadowbrook Rd, Novi, MI 48375

Value Estimation by Request
24,949 sqft
View details
31202 Beck Rd
Neighborhood centers

31202 Beck Rd, Novi, MI 48377

Value Estimation by Request
37,397 sqft
View details

Novi, MI Shopping Centers Market Trends and Statistics

Explore 6 shopping centers for sale in Novi, MI on our real estate platform. These investment opportunities span a total of 24,949 square feet of properties for sale, with an estimated market value of $5,250,000.

Sale prices for plazas in Novi, MI start at $5,250,000, averaging $5,250,000, and reaching up to $5,250,000 — 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

Shopping centers 6
Automotive properties 3
Storefront properties 2
Banks 1
Car washes 1

Demographics Overview

Population 62K
Population Growth (5Y) +11.9%
Median Household Income $124,389
College Educated 67.9%

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)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Oakland County

Retail

Residential Income

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