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Novi Town Center

Off-Market

43259 Crescent Blvd, Novi, MI 48375

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  • Property Type Retail - Power Center
  • Property Size 481,000 SF
  • Lot Size 34.97 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2010

Location

  • Walk Score ® Car-Dependent (46)
  • Bike Score ® Somewhat Bikeable (40)
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48375
  • Market Detroit

Points of Interest

Kroger

2.93 miles

2 stations

5.58 miles

Marathon

5.78 miles

Sunoco

6.30 miles

Citgo

7.43 miles

eVgo

8.86 miles

Sunoco

8.88 miles

Sunoco

9.26 miles

Shell

9.28 miles

Mobil

9.31 miles

Center Parking Lot

4.98 miles

Lot 5

5.34 miles

Lot 2

5.48 miles

Trailhead

7.27 miles

Parking Lot - Central Convent

7.49 miles

Shore Fishing Parking

8.91 miles

School Parking

9.42 miles

Lot E - Employee & Handicap Parking

9.64 miles

Baywoods Parking Lot

9.65 miles

Oak Grove Trailhead Parking Lot

9.90 miles

IHOP

0.31 miles

Red Lobster

0.43 miles

Lifestyle Cafés

0.52 miles

Wasabi Steakhouse

0.73 miles

Kerby's Koney Island

2.84 miles

Dunkin' Donuts

3.26 miles

Wendy's

3.59 miles

Taco Bell

3.74 miles

Dagwood's Deli

5.24 miles

DetroitEatz

5.49 miles

JCPenney

0.47 miles

Macy's

0.48 miles

Mirai

0.52 miles

West Oaks I

0.54 miles

Twelve Oaks Mall

0.55 miles

Nordstrom

0.58 miles

West Oaks II

0.76 miles

Kohl's

0.80 miles

India Grocers

2.23 miles

India Grocers

3.03 miles

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
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* $25,379,460
  • Assessed Value $25,379,460

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 Novi Town Center?

Novi Town Center totals 481,000 square feet.

When was this property built?

Novi Town Center was built in 2010.

What is the market value for Novi Town Center?

The market value* for Novi Town Center in 2022 was $25,379,460.
*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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