40705 13 Mile RdNovi, MI 48377

For Sale
$3,150,000
Prime Novi land, high growth potential.

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional 17.56-acre land assemblage presents a rare investment opportunity in Novi, Michigan. Located at 40705 13 Mile Rd, just west of M-5, this property is currently zoned RA - Residential Agricultural, offering significant potential for rezoning to a higher density residential or office use. The assemblage consists of six parcels (APN: 22-12-101-047, 046, 049, 038, 035 & 051) totaling 17.56 acres, with an asking price of $3,150,000, or $179,385 per acre. Given Novi's robust residential growth and strong rental market, this site is ideally positioned for substantial future development. The property benefits from access to municipal water and sanitary sewer, simplifying infrastructure considerations for any future project. This is a unique chance to acquire a significant parcel of undeveloped land in a thriving Michigan community, poised for substantial appreciation. The proposed rezoning to multi-family or office use presents a compelling investment case, capitalizing on the area's high demand and limited supply of developable land. Serious inquiries are encouraged.

Highlights

  • 17.56-acre land assemblage in Novi, MI, ideal for multi-family or office development.
  • Rare opportunity to acquire a large undeveloped land assemblage in Novi.
  • Strong residential growth and rental market in Novi.
  • Municipal water and sewer available.

Property Details for 40705 13 Mile Rd

Property type
Land
Lot Size (sq. ft)
764,914 SF

Location Insight

City
Novi
County
Oakland
State
Michigan
Latitude
42.5098886
Longitude
-83.4491975
40705 13 Mile Rd, Novi, Michigan

FAQs

What type of property is this?
Land - Prime Novi land, high growth potential.
Where is the land located?
The property is located at 40705 13 Mile Rd Novi, MI.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 17.56-acre land assemblage in Novi, MI, ideal for multi-family or office development.; Rare opportunity to acquire a large undeveloped land assemblage in Novi.; Strong residential growth and rental market in Novi.
How can I contact the broker?
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40705 13 Mile Rd
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