For Sale
$5,180,000

43223 12 Mile RdNovi, MI 48377

Prime Novi retail, high traffic, mall outlot.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 29,884 square foot free-standing retail building is situated on a 2.7-acre lot at 43223 W. 12 Mile Road in Novi, Michigan (Oakland County, zip code 48377). Built in 1998, this two-story structure boasts exquisite interior and architectural design, offering street-level retail space. The property features 64 parking spaces and is zoned R-C Regional Center. Its prime location offers unparalleled visibility and accessibility, directly in front of Twelve Oaks Mall, and enjoys close proximity to major thoroughfares including I-96, I-275, and M-5, ensuring high traffic volume and excellent exposure. The asking price is $5,180,000, translating to $173.34 per square foot. A unique opportunity exists for a flexible seller who is willing to lease back a portion of the upper-level retail space to a new owner, providing a potential for immediate income generation. The property's parcel number (APN) is 22-14-100-034. This presents a rare chance to acquire a well-established, high-performing retail property in a thriving Michigan market.

Highlights

  • High-visibility street retail space, outlot at Twelve Oaks Mall.
  • Free-standing building with upscale interior and architecture.
  • Excellent access to I-96, I-275, and M-5.
  • Seller offers flexible leaseback option to upper-level retail space.

Property Details for 43223 12 Mile Rd

Property type
Retail properties
Square Feet
29,884 SF
Year Built
1998
Stories
2
Lot Size (sq. ft)
117,612 SF

Location Insight

City
Novi
County
Oakland
State
Michigan
Latitude
42.4950172
Longitude
-83.4742929
43223 12 Mile Rd, Novi, Michigan

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43223 12 Mile Rd
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