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46585-46601 Grand River Ave
25,406 SF 61% Leased Industrial Building Novi, MI 48374 $5,056,848 CAD ($199 CAD/SF)
Executive Summary
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.
Property Facts
| Price | $5,056,848 CAD | Rentable Building Area | 25,406 SF |
| Price Per SF | $199 CAD | No. Stories | 1 |
| Sale Type | Owner User | Year Built | 1964 |
| Property Type | Industrial | Parking Ratio | 1.77/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16 ft |
| Building Class | C | No. Dock-High Doors/Loading | 2 |
| Lot Size | 6.50 AC | No. Drive In / Grade-Level Doors | 4 |
| Price | $5,056,848 CAD |
| Price Per SF | $199 CAD |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 6.50 AC |
| Rentable Building Area | 25,406 SF |
| No. Stories | 1 |
| Year Built | 1964 |
| Parking Ratio | 1.77/1,000 SF |
| Clear Ceiling Height | 16 ft |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 4 |
Amenities
- Signage
Utilities
- Lighting - Fluorescent
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Owner will consider a sale at $3,600,000 for the 6.5 acres with the building or as redevelopment Well positioned building and property for a re-purpose of the space for retail, flex/creative and traditional industrial with outdoor storage Located on Grand River across from Suburban Showplace
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 46593 | 2,800-10,000 SF | Flex | Partial Build-Out | Now |
1st Fl - 46593
| Size |
| 2,800-10,000 SF |
| Space Use |
| Flex |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl - 46593
| Size | 2,800-10,000 SF |
| Space Use | Flex |
| Condition | Partial Build-Out |
| Available | Now |
Owner will consider a sale at $3,600,000 for the 6.5 acres with the building or as redevelopment Well positioned building and property for a re-purpose of the space for retail, flex/creative and traditional industrial with outdoor storage Located on Grand River across from Suburban Showplace
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $874,688 CAD |
PROPERTY TAXES
zoning
| Zoning Code | I-1, Novi |
| I-1, Novi |
-
Leo Gonzalez -
CRS Commercial Real Estate Services
Presented by
46585-46601 Grand River Ave
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