27155 Karevich DrNovi, MI 48375

  • Commercial real estate
  • 11,921 SF
For Sale
$3,500,000 View listing

Property Details for 27155 Karevich Dr

Year built
1979
Lot size
1.91 AC
Property size (Sq ft)
11,921 SF
Zone code
C
Property type
Commercial real estate
APN
50-22-15-200-108
APU
502215200108

Description

This exceptional 11,921 square foot, single-tenant restaurant space presents a unique investment opportunity in Novi, Michigan. Located at 27155 S Karevich Dr, 48375, this Class C property boasts a prime location and ample parking with 130 spaces. Originally constructed in 1979 and extensively renovated in 2012, the building is situated on a single story and is zoned C - Conference, offering flexibility for various uses. The entire space is currently vacant, providing a blank canvas for a new culinary venture or a seamless transition for an existing establishment. All furniture, fixtures, and equipment are included, representing a significant cost savings for a prospective buyer. The property's substantial size and turnkey condition make it ideal for a large-scale restaurant operation or a similar high-traffic business. The Oakland County location offers excellent access to major roadways and a thriving community. The property's APN is 22-15-200-108. This is a rare chance to acquire a fully equipped, move-in ready restaurant in a desirable location. Don't miss this opportunity to capitalize on a well-established space with significant potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,335,852
    Hospitality
    $2,139,628
    Educational
    $1,780,146
    Medical
    $1,841,368
    Retail
    $2,769,116
27155 Karevich Dr, Novi, Michigan

Location Insight

City
Novi
County
Oakland
State
Michigan
Latitude
42.4893
Longitude
-83.4774
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
$41,730
-
-
$966,960
-
-
-
$1,933,920

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