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Grand Place Commons
40020 Grand River Avenue, Novi, MI 48375
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- Property Type Office - Flex - Office
- Property Size 39,396 Sqft
- Lot Size 4.23 Acre
- Parking Spaces Avail. 145
- Parking Ratio 3.70/ 1,000 SF
- Property Tenancy Multi-Tenant
- Building Class C
- Year Built 1998
- City Novi, MI
- Neighborhood Novi
- Zip Code 48375
- Market Detroit
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Average Actual Rents in Novi
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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 (Sqft) 269,869
- Market Value $2,485,100
- Assessed Value $2,485,100
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Frequently Asked Questions
What is the total square footage of Grand Place Commons?
Grand Place Commons totals 39,396 square feet.
When was this property built?
Grand Place Commons was built in 1998.
When was Grand Place Commons last sold?
Grand Place Commons was last sold on 21 Nov, 2016.
What was the last purchase price for Grand Place Commons?
Grand Place Commons was last sold for $2,690,000.
What is the market value for Grand Place Commons?
The market value for Grand Place Commons in 2021 was $2,485,100.
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