43223 12 Mile RdNovi, MI 48377

Property Details for 43223 12 Mile Rd

Year built

1998

Lot size

2.70 AC

Property size (Sq ft)

27,154 SF

Zone code

R-C

Property type

Commercial real estate

APN

50-22-14-100-034

APU

502214100034

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $5,320,673

  Hospitality

  $4,873,708

  Educational

  $4,054,868

  Medical

  $4,194,321

  Retail

  $6,307,572

Location Insight

City

Novi

County

Oakland

State

Michigan

Latitude

42.495

Longitude

-83.4741

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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