42445 West 10 Mile Road

42445 West 10 Mile Road, Novi, MI 48375

Off-Market

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 107,228 SF
  • Lot Size 17 Acre
  • Parking Spaces Avail. 155
  • Parking Ratio 1.45 / 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1983

Location

  • Walk Score ® Car-Dependent (32)
  • Bike Score ® Somewhat Bikeable (41)
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48375
  • Market Detroit

Points of Interest

Fuel station

Costco Gasoline

2.93 miles

2 stations

4.21 miles

Shell

6.17 miles

Shell

6.70 miles

eVgo

7.44 miles

Mobil

8.41 miles

BP

8.55 miles

BP

8.69 miles

Marathon

8.78 miles

Mobil

8.85 miles

Parking

MDOT Carpool Lot

2.36 miles

North Parking Lot

2.44 miles

North Parking Lot

3.39 miles

Public Parking

4.49 miles

Lot 8

4.97 miles

Michigan Air Line Trailhead Parking Lot

5.20 miles

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

5.30 miles

Lot 1C

5.48 miles

Wixom Habitat Parking

6.27 miles

Real Green Systems

7.51 miles

Restaurants

Alfoccino

1.68 miles

Lifestyle Cafés

1.86 miles

The Cheesecake Factory

1.92 miles

BurgerFi

3.28 miles

Jet's Pizza

5.86 miles

Camelia’s Mexican Grill

6.01 miles

Taco Bell

6.09 miles

Aqua

6.12 miles

Princess Mediterranean Grill

7.07 miles

Freshii

7.36 miles

Stores

Mirai

0.95 miles

Better Health Market

0.95 miles

Twelve Oaks Mall

1.91 miles

West Oaks I

1.92 miles

Twelve Mile Crossing at Fountain Walk

2.05 miles

Kohl's

2.60 miles

Target

2.75 miles

Worldwide Center

3.86 miles

Ishtar Ethnic Food

4.66 miles

Rent-a-Center

4.74 miles

Safety

Novi Drug

0.57 miles

Concerta Urgent Care

0.95 miles

Novi Footcare

1.44 miles

CVS

2.41 miles

Michigan State Police Post Number 2

2.90 miles

Providence Park Hospital

3.21 miles

IHA Urgent Care

3.30 miles

Hawthorn Center

3.46 miles

Farmington Hills Fire Station #1

3.52 miles

Northville Township Police Station Number 1

3.66 miles

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 14 Feb, 2017
  • Purchase Price
  • Arm's Length True
  • Buyer Name

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
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

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* $4,645,820
  • Assessed Value $4,645,820

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 42445 West 10 Mile Road?

42445 West 10 Mile Road totals 107,228 square feet.

When was this property built?

42445 West 10 Mile Road was built in 1983.

When was 42445 West 10 Mile Road last sold?

42445 West 10 Mile Road was last sold on 14 Feb, 2017.

What is the market value for 42445 West 10 Mile Road?

The market value* for 42445 West 10 Mile Road in 2022 was $4,645,820.
*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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