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46855 Magellan Drive

Off-Market

46855 Magellan Drive, Novi, MI 48377

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  • Property Type Industrial - Manufacturing
  • Property Size 44,792 SF
  • Lot Size 4.02 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 2001

Location

  • Walk Score ® Car-Dependent (11)
  • Bike Score ® Somewhat Bikeable (28)
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48377
  • Market Detroit

Points of Interest

Marathon

1.30 miles

Costco Gasoline

3.81 miles

Mobil

4.80 miles

Mobil

6.40 miles

Shell

7.75 miles

2 stations

7.86 miles

Marathon

8.00 miles

Speedway

8.21 miles

Shell

8.21 miles

Shell

9.06 miles

North Parking Lot

2.75 miles

Trailhead Parking for WBT & MALT Trails

4.91 miles

North Parking Lot

7.02 miles

permit required

7.14 miles

South Parking Lot

7.38 miles

Lot 3

7.39 miles

Lot 1A

7.54 miles

Lot D

8.83 miles

Handicap Parking

9.00 miles

Commerce Road Parking

9.93 miles

Tropical Smoothie Cafe

1.42 miles

Chuck E. Cheese's

1.61 miles

Taipae 101

1.68 miles

Siam Spicy

1.87 miles

Genji

2.05 miles

Yeung's Lotus Express

2.32 miles

Lifestyle Cafés

2.33 miles

el mariachi

2.61 miles

Panera Bread

4.03 miles

Recipes

4.59 miles

Rent-a-Center

1.20 miles

ALDI

1.35 miles

Twelve Mile Crossing at Fountain Walk

1.68 miles

Target

1.70 miles

West Oaks II

1.75 miles

West Oaks I

1.89 miles

Twelve Oaks Mall

2.29 miles

Nordstrom

2.41 miles

TJ Maxx

2.55 miles

Save-A-Lot

2.82 miles

Providence Park Hospital

1.33 miles

Urgent Care of Novi

1.59 miles

CVS

2.71 miles

Wixom Fire Station

2.79 miles

Walled Lake Fire Department

3.02 miles

City of Novi Lee C. Begole Police Headquarters

3.11 miles

Inspire Autism

3.87 miles

PrimeCare of Novi

4.56 miles

Milford Fire Station #2

4.86 miles

CVS Pharmacy

5.26 miles

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 15 Oct, 2015
  • 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.

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

Tax

  • Market Value* $4,408,400
  • Assessed Value $4,408,400

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 46855 Magellan Drive?

46855 Magellan Drive totals 44,792 square feet.

When was this property built?

46855 Magellan Drive was built in 2001.

When was 46855 Magellan Drive last sold?

46855 Magellan Drive was last sold on 15 Oct, 2015.

What is the market value for 46855 Magellan Drive?

The market value* for 46855 Magellan Drive in 2022 was $4,408,400.
*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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