46795 12 Mile RdNovi, MI 48377

  • Commercial land
  • 3.67 AC
For Sale
$719,000 View listing

Property Details for 46795 12 Mile Rd

Lot size
3.67 AC
Zone code
I-1
Property type
Commercial land
APN
50-22-16-126-025
APU
502216126025

Description

This exceptional 4-acre commercial land parcel, located at 46795 W. Twelve Mile Road in Novi, Michigan (zip code 48377), presents a unique investment opportunity. The property boasts a highly desirable Light Industrial (I1) zoning designation, opening doors to a wide range of potential uses. Envisioned uses include, but are not limited to, an office building, medical facility, recreational facility, daycare center, bank, or corporate headquarters. Its prime location offers unparalleled visibility from I-96, easily accessible via the Beck Road interchange. This strategic positioning ensures high traffic exposure and convenient access for employees and clients alike. The property's proximity to established shopping centers and Providence Park Hospital further enhances its appeal and potential for success. The parcel's APN is 6245774687. This is a rare chance to acquire a substantial land holding in a thriving Michigan community with excellent infrastructure and accessibility. The asking price for this exceptional property is $719,000. Don't miss this opportunity to secure a valuable asset in a high-demand location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $31,324,644
    Hospitality
    $28,693,206
    Educational
    $23,872,410
    Medical
    $24,693,418
    Retail
    $37,134,860
46795 12 Mile Rd, Novi, Michigan

Location Insight

City
Novi
County
Oakland
State
Michigan
Latitude
42.4939
Longitude
-83.5096
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
$8,271
-
-
$232,400
-
-
-
$464,800

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