Maxim Building

Off-Market

42400 Grand River Avenue, Novi, MI 48375

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  • Property Type Office - General Office
  • Property Size 36,000 SF
  • Lot Size 3 Acre
  • Parking Spaces Avail. 166
  • Parking Ratio 4.63 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1988

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 03 Oct, 2012
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity 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.

  • 2022 Avg. Asking Rent $29.74
  • 2022 Office Vacancy Rate 16.74%
  • 2022 Office Completions (SF)
View more Novi market trends

Location

Getting Around

  • Walk Score ®

    65/100 Somewhat Walkable
  • Bike Score ®

    38/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48375
  • Market Detroit

Points of Interest

  • Mobil

    0.54 miles

  • Sunoco

    0.63 miles

  • Speedway

    0.95 miles

  • Marathon

    1.01 miles

  • BP

    1.30 miles

  • Mobil

    1.62 miles

  • Shell

    1.66 miles

  • BP

    1.88 miles

  • Shell

    2.13 miles

  • Exxon

    2.26 miles

  • North Parking Lot

    1.47 miles

  • Lakeshore Park Skills Area Parking Lot

    1.86 miles

  • MTB Tralhead Parking

    2.42 miles

  • MDOT Public Carpool Parking

    2.67 miles

  • MDOT Carpool Lot

    3.22 miles

  • Parking Lot A

    3.84 miles

  • Special Events Parking

    3.87 miles

  • Parking Lot B

    3.87 miles

  • Michigan Air Line Trailhead Parking Lot

    4.22 miles

  • Seven Mile Parking Lot

    4.22 miles

  • TownePlace Suites Detroit Novi

    0.21 miles

  • Sonesta Select Detroit Novi

    0.22 miles

  • DoubleTree

    0.40 miles

  • Four Points by Sheraton Detroit Novi

    0.97 miles

  • The Baronette Renaissance

    1.14 miles

  • Holiday Inn Express & Suites

    1.77 miles

  • Hyatt Place Detroit/Novi

    1.92 miles

  • Motel 6

    2.18 miles

  • Motel 6

    2.19 miles

  • Red Roof Inn

    2.42 miles

  • Ajishin;Pastry House Hippo

    0.12 miles

  • Wasabi Steakhouse

    0.21 miles

  • Side Car Slider Bar

    0.21 miles

  • Michigan Brewing Company

    0.22 miles

  • Michigan Beer Company

    0.23 miles

  • Tony Sacco's Coal Oven Pizza

    0.23 miles

  • bd's Mongolian Grill

    0.23 miles

  • Alexandria Mediterranean Cuisine

    0.24 miles

  • Oishi

    0.25 miles

  • Steve & Rocky's

    0.29 miles

  • Orchard Hills Elementary School

    1.00 miles

  • Koby International Academy

    1.03 miles

  • South University

    1.21 miles

  • Village Oaks Elementary School

    1.58 miles

  • Early Childhood Education Center

    1.59 miles

  • Novi Adult Education

    1.65 miles

  • Novi Meadows School

    1.66 miles

  • Novi Career Preparation High School

    1.66 miles

  • Novi Woods Elementary School

    1.69 miles

  • Novi High School

    1.70 miles

  • Childtime Learning

    3.09 miles

  • KinderCare Learning Center

    3.24 miles

  • Little Hearts Learning Home - Child Care and Pre-School

    4.67 miles

  • Minto's Casa

    4.76 miles

  • KinderCare

    5.08 miles

  • Tutor Time

    5.57 miles

  • Country Hills Montessori

    5.57 miles

  • The Learning Experience

    5.68 miles

  • The Learning Tree Child Care Center - North

    6.06 miles

  • KinderCare

    6.44 miles

Frequently Asked Questions

What is the total square footage of Maxim Building?

Maxim Building totals 36,000 square feet.

When was this property built?

Maxim Building was built in 1988.

When was Maxim Building last sold?

Maxim Building was last sold on 03 Oct, 2012.

What is the market value for Maxim Building?

The market value* for Maxim Building in 2023 was $3,857,900.

*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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