45145 West 12 Mile Road

45145 West 12 Mile Road, Novi, MI 48377

Off-Market

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  • Property Type Industrial - R&D - Industrial
  • Property Size 115,000 SF
  • Lot Size 24 Acre
  • Parking Spaces Avail. 101
  • Parking Ratio 0.88/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1999

Location

  • Walk Score ® Car-Dependent (26)
  • Bike Score ® Somewhat Bikeable (34)
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48377
  • Market Detroit

Points of Interest

BP

0.83 miles

Sunoco

1.14 miles

Shell

1.15 miles

Mobil

1.22 miles

Kroger

1.32 miles

Shell

1.76 miles

Speedway

2.04 miles

Marathon

2.07 miles

Mobil

2.17 miles

Sam's Club

2.17 miles

Lakeshore Park Skills Area Parking Lot

0.82 miles

MDOT Public Carpool Parking

1.08 miles

MTB Tralhead Parking

1.26 miles

North Parking Lot

1.84 miles

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

2.95 miles

Michigan Air Line Trailhead Parking Lot

3.25 miles

Wixom Habitat Parking

3.86 miles

MDOT Carpool Lot

4.77 miles

Trailhead Parking for WBT & MALT Trails

4.96 miles

Parking Lot A

5.49 miles

Buddy's Pizza

0.36 miles

Beerhead Bar & Eatery

0.42 miles

Chuck E. Cheese's

0.43 miles

Bar Louie

0.43 miles

Buffalo Wild Wings

0.44 miles

Taipae 101

0.44 miles

Noodle Topia

0.45 miles

Black Rock

0.46 miles

Cherry Blossom

0.57 miles

Siam Spicy

0.78 miles

Twelve Mile Crossing at Fountain Walk

0.44 miles

Gordon Food Service

0.49 miles

Sears Outlet

0.51 miles

Kohl's

0.57 miles

West Oaks II

0.63 miles

Marshalls

0.65 miles

West Oaks I

0.66 miles

Macy's

1.07 miles

Sears

1.08 miles

Twelve Oaks Mall

1.17 miles

Urgent Care of Novi

0.58 miles

Novi Urgent Care

1.17 miles

Creams N' Caps

1.25 miles

Providence Park Hospital

1.46 miles

Novi Fire Department

1.51 miles

Concerta Urgent Care

1.58 miles

Rite Aid

1.69 miles

City of Novi Lee C. Begole Police Headquarters

2.01 miles

Walgreens

2.12 miles

CVS

2.12 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 20 May, 2022
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination 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* $9,510,900
  • Assessed Value $9,510,900

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 45145 West 12 Mile Road?

45145 West 12 Mile Road totals 115,000 square feet.

When was this property built?

45145 West 12 Mile Road was built in 1999.

When was 45145 West 12 Mile Road last sold?

45145 West 12 Mile Road was last sold on 20 May, 2022.

What is the market value for 45145 West 12 Mile Road?

The market value* for 45145 West 12 Mile Road in 2021 was $9,510,900.
*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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