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23890 Novi Rd 2,976 SF Retail Building Novi, MI 48375 $1,315,000 ($441.87/SF)
Investment Highlights
- 2,976 SF Former Bank Branch in Novi’s thriving retail and residential district
- 1.06-acre lot with two curb cuts and ample parking
- Three-Lane Drive-Thru for maximum customer convenience & prominent Monument Signage for strong brand presence
- High-Visibility corner location with over 20,269 vehicles per day
- Bright, Modern Lobby with floor-to-ceiling windows and abundant natural light
- Financial-Use Only Restriction: bank, savings & loan, or similar institution
Executive Summary
Position your financial institution for success at this high-visibility corner location in thriving Novi, Michigan. This well-maintained 2,976 SF former bank branch offers an ideal combination of functionality, visibility, and modern design.
Step into a bright, expansive lobby featuring floor-to-ceiling windows that flood the space with natural light—perfect for creating a welcoming customer experience. The building also includes a private manager’s office, a spacious break room, and an efficient teller counter layout designed for smooth operations. The property features a three-lane drive-thru, a prominent monument sign for branding, and excellent accessibility for both drive-up and in-branch customers.
Note: Use is restricted to the operation of a bank, savings and loan, or similar financial institution
Step into a bright, expansive lobby featuring floor-to-ceiling windows that flood the space with natural light—perfect for creating a welcoming customer experience. The building also includes a private manager’s office, a spacious break room, and an efficient teller counter layout designed for smooth operations. The property features a three-lane drive-thru, a prominent monument sign for branding, and excellent accessibility for both drive-up and in-branch customers.
Note: Use is restricted to the operation of a bank, savings and loan, or similar financial institution
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,976 SF
Building Class
B
Year Built
2002
Price
$1,315,000
Price Per SF
$441.87
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.07 AC
Zoning
OS-1
Parking
25 Spaces (8.4 Spaces per 1,000 SF Leased)
Frontage
201’ on Arena Dr
Amenities
- Banking
- Corner Lot
- Security System
- Signage
- Signalized Intersection
- Drive Thru
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-26-101-022 | Improvements Assessment | $0 (2023) |
| Land Assessment | $0 (2023) | Total Assessment | $655,660 (2023) |
Property Taxes
Parcel Number
22-26-101-022
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$655,660 (2023)
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23890 Novi Rd
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