46820 Magellan DrNovi, MI 48377

  • Commercial real estate
  • 37,634 SF
For Lease
$15.50/SF/YR View listing

Property Details for 46820 Magellan Dr

Year built
2003
Lot size
3.06 AC
Property size (Sq ft)
37,634 SF
Zone code
I-2
Property type
Commercial real estate
APN
50-22-09-176-006
APU
502209176006

Description

This exceptional 12,000 square foot traditional office building, constructed in 2004, is situated on a 3-acre lot in Novi, Oakland County, and zoned for Light Industrial use. The single-tenant property boasts a generous layout featuring multiple private offices, perfect for a variety of business needs. Collaboration is facilitated by several well-appointed conference rooms, ensuring efficient meetings and presentations. Employees and visitors will appreciate the ample parking available on-site. The building also includes a large kitchen, convenient for staff and catering needs. A comprehensive security system provides peace of mind. The property's prominent location allows for effective building signage, enhancing visibility and brand recognition. This turnkey solution offers a fantastic opportunity for a business seeking a well-equipped and strategically located office space. The combination of size, amenities, and location makes this property a highly desirable asset in a thriving business community. The Light Industrial zoning offers flexibility for various business types. This is a rare opportunity to acquire a substantial and well-maintained office building in a prime Novi location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,374,170
    Hospitality
    $6,754,700
    Educational
    $5,619,831
    Medical
    $5,813,106
    Retail
    $8,741,959
46820 Magellan Dr, Novi, Michigan

Location Insight

City
Novi
County
Oakland
State
Michigan
Latitude
42.5053
Longitude
-83.5088
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
$64,968
-
-
$1,596,250
-
-
-
$3,192,500

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