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45200 Grand River Avenue

Off-Market

45200 Grand River Avenue, Novi, MI 48375

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 148,880 SF
  • Lot Size 21 Acre
  • Parking Spaces Avail. 29
  • Parking Ratio 0.20 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1998

Location

  • Walk Score ® Car-Dependent (16)
  • Bike Score ® Somewhat Bikeable (26)
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48375
  • Market Detroit

Points of Interest

Wow!

3.49 miles

Sunoco

3.80 miles

Shell

4.18 miles

Citgo

4.41 miles

2 stations

6.29 miles

Sunoco

6.36 miles

Mobil

6.56 miles

Marathon

7.19 miles

Marathon

7.46 miles

Citgo

8.44 miles

Lakeshore Park Skills Area Parking Lot

1.22 miles

Michigan Air Line Trailhead Parking Lot

3.69 miles

Special Events Parking

5.23 miles

East Parking Lot

5.68 miles

Lot 9

6.07 miles

MDOT Park and Ride

6.77 miles

Huron River Fishing Site Parking

6.89 miles

Parking Lot - North

8.32 miles

Lot D

9.67 miles

Handicap Parking

9.84 miles

Lifestyle Cafés

1.27 miles

The Cheesecake Factory

1.35 miles

Taco Bell

2.21 miles

The Corner Carhop

3.08 miles

Guernsey Restaurant & Ice Cream

3.11 miles

Alfoccino

3.23 miles

Arby's

3.90 miles

Subway

4.01 miles

Chipotle

5.30 miles

Andiamo Livonia

5.43 miles

Twelve Mile Crossing at Fountain Walk

0.52 miles

West Oaks I

0.71 miles

Gordon Food Service

0.75 miles

Kohl's

0.80 miles

West Oaks II

0.83 miles

Macy's

1.14 miles

JCPenney

1.25 miles

Twelve Oaks Mall

1.26 miles

Nordstrom

1.37 miles

Mirai

1.45 miles

Urgent Care of Novi

0.88 miles

Creams N' Caps

0.99 miles

Providence Park Hospital

1.37 miles

City of Novi Lee C. Begole Police Headquarters

1.59 miles

Novi Kidney Center

1.75 miles

Novi Fire Station #4

2.60 miles

CVS

2.73 miles

PrimeCare of Novi

3.13 miles

CVS Pharmacy

3.77 miles

Northville Police Station

3.91 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 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

Tax

  • Market Value* $7,681,880
  • Assessed Value $7,681,880

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 45200 Grand River Avenue?

45200 Grand River Avenue totals 148,880 square feet.

When was this property built?

45200 Grand River Avenue was built in 1998.

What is the market value for 45200 Grand River Avenue?

The market value* for 45200 Grand River Avenue 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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