12 Mile RdNovi, MI 48377

  • Commercial land
  • 0.79 AC
For Sale
$900,000 View listing

Property Details for 12 Mile Rd

Lot size
0.79 AC
Zone code
OST
Property type
Commercial land
APN
50-22-15-126-020
APU
502215126020

Description

This exceptional 14.33-acre land parcel, strategically located in Novi, Michigan's Meadowbrook Corporate Park, presents a unique investment opportunity for office development. The property, encompassing four parcels (APN: 50-22-13-301-026, 50-22-13-301-029, 50-22-13-100-037, 50-22-13-301-027), is zoned OST (Office Service Technology District), allowing for diverse uses including medical, corporate office, and high-tech development. All utilities are readily available. The site boasts excellent visibility and accessibility, with convenient access to the M-5 Haggerty connector and proximity to major expressways like I-96, I-275, and M-5. Its location within Meadowbrook Corporate Park offers a prestigious address and proximity to numerous restaurants and Twelve Oaks Mall. Individual parcels are also available for purchase, providing flexibility for various development scenarios. This prime location and versatile zoning make this a compelling opportunity for investors seeking a high-growth area with strong infrastructure and amenities. The asking price for the entire 14.33-acre site is $900,000. Don't miss this chance to acquire a significant land holding in a thriving Michigan market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,742,837
    Hospitality
    $6,176,402
    Educational
    $5,138,694
    Medical
    $5,315,422
    Retail
    $7,993,524
12 Mile Rd, Novi, Michigan

Location Insight

City
Novi
County
Oakland
State
Michigan
Latitude
42.4945
Longitude
-83.4909
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,560
-
-
$67,360
-
-
-
$134,720

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