45200 Grand River Avenue - Building 2

Off-Market

45200 Grand River Avenue, Novi, MI 48375

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 61,800 SF
  • Lot Size 21 Acre

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • 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
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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.

  • 2021 Avg. Asking Rent $22.78
  • 2021 Office Vacancy Rate 14.93%
  • 2021 Office Completions (SF)
View more Novi market trends

Location

Getting Around

  • Walk Score ®

    21/100 Car-Dependent
  • Bike Score ®

    31/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48375
  • Market Detroit

Points of Interest

  • Sunoco

    0.86 miles

  • Mobil

    0.95 miles

  • BP

    1.11 miles

  • Shell

    1.18 miles

  • Kroger

    1.32 miles

  • Speedway

    1.61 miles

  • Marathon

    1.62 miles

  • Sam's Club

    2.17 miles

  • Shell

    2.17 miles

  • Mobil

    2.22 miles

  • MDOT Public Carpool Parking

    1.21 miles

  • Lakeshore Park Skills Area Parking Lot

    1.31 miles

  • MTB Tralhead Parking

    1.78 miles

  • North Parking Lot

    2.07 miles

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

    3.45 miles

  • Michigan Air Line Trailhead Parking Lot

    3.78 miles

  • Wixom Habitat Parking

    4.28 miles

  • MDOT Carpool Lot

    4.37 miles

  • Parking Lot A

    5.17 miles

  • Special Events Parking

    5.18 miles

  • Buffalo Wild Wings

    0.53 miles

  • Beerhead Bar & Eatery

    0.55 miles

  • Bar Louie

    0.56 miles

  • Black Rock

    0.56 miles

  • Noodle Topia

    0.58 miles

  • Taipae 101

    0.59 miles

  • Buddy's Pizza

    0.70 miles

  • Chuck E. Cheese's

    0.70 miles

  • Texas Roadhouse

    0.76 miles

  • Cherry Blossom

    0.81 miles

  • Twelve Mile Crossing at Fountain Walk

    0.58 miles

  • Sears Outlet

    0.62 miles

  • West Oaks I

    0.75 miles

  • Gordon Food Service

    0.82 miles

  • Kohl's

    0.86 miles

  • West Oaks II

    0.89 miles

  • Marshalls

    0.93 miles

  • TJ Maxx

    1.15 miles

  • Walmart Supercenter

    1.17 miles

  • Macy's

    1.17 miles

  • Novi Urgent Care

    0.89 miles

  • Urgent Care of Novi

    0.95 miles

  • Creams N' Caps

    0.96 miles

  • Novi Fire Department

    1.27 miles

  • Concerta Urgent Care

    1.33 miles

  • Providence Park Hospital

    1.38 miles

  • City of Novi Lee C. Begole Police Headquarters

    1.50 miles

  • CVS

    1.65 miles

  • Novi Kidney Center

    1.67 miles

  • Walgreens

    1.68 miles

Frequently Asked Questions

What is the total square footage of 45200 Grand River Avenue - Building 2?

45200 Grand River Avenue - Building 2 totals 61,800 square feet.

What is the market value for 45200 Grand River Avenue - Building 2?

The market value* for 45200 Grand River Avenue - Building 2 in 2022 was $7,681,880.
*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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