46585-46601 Grand River Ave - Warehouse FOR SALE


Novi, MI 48374
$3,600,000 USD
734-846-8045
46585-46601 Grand River Ave, Novi, MI for Sale
$3,600,000 USD
Warehouse - FOR SALE
1/10
null | Request Cap Rate

46585-46601 Grand River Ave
Novi, MI 48374


OVERVIEW

Rare Mix Use Development opportunity the highly recognized Novi City West area is part of the overlay district that will permit upto 25 units per acre 5 stories Sewer and water at the site. Concept drawing available with elements of the new City West permitting residential and commercial. 3 story building w 9,000 sf of retail w 2 stories of loft apartments 24 units and 5 story rear building 120 units for a total of 144 units. Upon request City West ordinance. Approved by planning commission in September 2023 tabled by the City Council. City West has been in the planning for past 5 yrs. This text will permit developers to build and mix used development in the area as defined. It will likely be adopted within this year.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$142 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

UTILITIES

Lighting - Fluorescent, Heating - Gas

CLEAR CEILING HT

16 Ft

DOCKS

2

DRIVE INS

4

PARKING SPACES

45

LAND DETAILS

LAND ACRES

6.5

LAND SF

283,140

ZONING

I-1, Novi

APN/PARCEL ID

22-16-300-050,22-16-300-051

ASK ABOUT THIS PROPERTY

Leo GonzalezCRS Commercial Real Estate ServicesMore Info
734-846-8045

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Leo GonzalezCRS Commercial Real Estate ServicesMore Info
734-846-8045

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.