12 Mile RdNovi, MI 48377
- Commercial land
- 0.79 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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