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42705 Grand River Ave

Novi, Novi, MI
Floors
2
Total Size
47,000 sqft
Zoning
BI
Year Constructed
1997
Year Renovated
0
Building Class

About 42705 Grand River Ave

OUTSTANDING INVESTMENT OPPORTUNITY

NOI of $653,025.00

Tenants: Andiamo's - $250,000.00 renovation completed May, 2012. Japanese One World Market - $5MM in sales in 2011. Main Street Business Center - 48 unit executive office space with 15 year 90% occupancey track record. Salon Head West - Long term tenant with stable growth

280 Car Parking

3.85 Acres

Built in 1997 at a cost of $9,100,000.00 - Number of buildings: 1 - Number of units: 4 - Building condition: Excellent

Internet Providers for 42705 Grand River Ave

Provider Technology Max Download Speed Max Upload Speed
Bright House Networks Cable
100 Mb/s
25 Mb/s
AT&T Michigan DSL
25 Mb/s
3 Mb/s
MegaPath Corporation Copper Wireline
6 Mb/s
6 Mb/s

The City: Novi

Most listings are in the $20's per square foot per year. The Novi submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 34% rise in rent.

Compared to the rest of the Metro Detroit market, the Novi region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Median Rate Median Size
Novi $28
/sqft/yr
2,852
sqft
Median Rate Median Size
Metro Detroit $21
/sqft/yr
2,520
sqft

Median Rate over Time in Novi