Novi Rd- 1.6 Acres 410 ft frontage

Vacant Land for Sale
Catylist Listing ID: 30810571
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 1.60 Acres
Sale Price: $550,000
Unit Price: $343,750 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 8/13/2022

Overview / Comments

1.6 Acres zoned Light Industrial with over 410 ft frontage along heavily trafficked Novi Rd, just South of Grand River. Ideal for a climate controlled self storage development, bank, industrial, automotive, restaurant or office/ medical use. Many new developments under way in the vicinity including a 260 unit apartment development with retail. Easy access to I-96 and I-275. Close proximity to the premier regional shopping hub which includes: Twelve Oaks Mall, Twelve Mile Crossing at Fountain Walk, Novi Town Center, Main Street Novi Shopping Center and the new Adell Center. Adjacent to the CVS distribution center just West on Gen Mar Ct.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Central I-96 Corridor
Tax ID/APN: 22-22-276-017
Property Located Between: Grand River Ave and 10 Mile Rd
Property Visibility: Excellent
Feet of Frontage: 400
Highway Access: .75 mile
Site Description: Vacant gently sloping land, cleared
Lot Frontage: 410
Zoning Description: I-1 (Light Industrial) with Office Research Technology Development future land use
Topography: Gently Sloping
Easements Description: See agent for survey
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,661 60,224 184,117
Median Age: 38.92 40.7 42.01
Households: 2,490 23,891 76,048


Photograph of Listing Agent

Kevin Baird

Real Estate One-Troy
CPIX Member
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