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22925 Venture Drive

Off-Market

22925 Venture Drive, Novi, MI 48375

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 120,800 SF
  • Lot Size 12 Acre
  • Parking Spaces Avail. 157
  • Parking Ratio 1.30 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 1997

Location

  • Walk Score ® Car-Dependent (3)
  • Bike Score ® Somewhat Bikeable (41)
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48375
  • Market Detroit

Points of Interest

Speedway

1.93 miles

2 stations

3.84 miles

Exxon

4.53 miles

Kroger

5.23 miles

Costco Gasoline

5.30 miles

Shell

5.63 miles

BP

6.05 miles

eVgo

7.02 miles

Livonia, MI Supercharger

8.79 miles

Sunoco

8.91 miles

MDOT Carpool Lot

1.99 miles

North Parking Lot

2.83 miles

North Parking Lot

3.00 miles

Public Parking

4.41 miles

Lot 8

5.06 miles

Lot 1C

5.56 miles

ShearWater Trailhead Parking Lot for M.A.L.T.

5.70 miles

Wixom Habitat Parking

6.65 miles

Trailhead Parking for WBT & MALT Trails

6.66 miles

Real Green Systems

7.91 miles

Alexandria Mediterranean Cuisine

1.38 miles

Masala Indian Kitchen

1.57 miles

Chipotle

1.79 miles

Five Guys

2.01 miles

Joseph's Coney Island

2.19 miles

Lifestyle Cafés

2.28 miles

Hungry Howie's

3.63 miles

George's Senate & Coney Island Restaurant

4.01 miles

Sizzle It Asian Bistro

4.60 miles

Happy's Pizza

6.05 miles

Mirai

1.36 miles

Better Health Market

1.36 miles

Kohl's

2.22 miles

West Oaks I

2.33 miles

Target

2.39 miles

Twelve Mile Crossing at Fountain Walk

2.45 miles

Worldwide Center

3.82 miles

Busch's

4.38 miles

Kroger

4.43 miles

TJ Maxx

4.62 miles

Novi Drug

0.69 miles

Novi Footcare

1.46 miles

Michigan State Police Post Number 2

2.49 miles

CVS

2.55 miles

IHA Urgent Care

2.91 miles

Hawthorn Center

3.06 miles

Northville Township Police Station Number 1

3.25 miles

Farmington Hills Fire Station #1

3.37 miles

Providence Park Hospital

3.50 miles

CVS Pharmacy

3.76 miles

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 14 Dec, 2006
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Novi

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Novi Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $23.25
  • 2020 Office Vacancy Rate 14.25%
  • 2020 Office Completions (SF) 269,869
View more Novi market trends

Tax

  • Market Value* $7,817,460
  • Assessed Value $7,817,460

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 22925 Venture Drive?

22925 Venture Drive totals 120,800 square feet.

When was this property built?

22925 Venture Drive was built in 1997.

When was 22925 Venture Drive last sold?

22925 Venture Drive was last sold on 14 Dec, 2006.

What is the market value for 22925 Venture Drive?

The market value* for 22925 Venture Drive in 2022 was $7,817,460.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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