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Former 5th Avenue 25750-25780 Novi Rd 26,150 SF 40% Leased Retail Building Novi, MI 48375 For Sale
Investment Highlights
- Fully built out bar/nightclub/entertainment venue with prominent location on Novi Road and Main Street, just south of Grand River.
- Excellent "Owner/User" opportunity for users of 7,500-15,649 square feet, with additional income coming in from adjacent tenants.
- Hundreds of new multi-family units already built, or site plan approved within close proximity of the property.
- Outdoor patio with overhead doors on 2nd level.
Executive Summary
A 26,150 square foot multi-tenant retail center for sale on Novi Road within the heart of Novi's central business district.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
26,150 SF
Building Class
B
Year Built
1998
Percent Leased
40%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.16
Lot Size
3.67 AC
Zoning
TC-1 - Town Center 1
Parking
205 Spaces (7.84 Spaces per 1,000 SF Leased)
Frontage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
A 15,649 square foot former bar and entertainment venue located within the heart of Novi's central business district.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 15,600 SF | Retail | - | Now |
1st Floor
| Size |
| 15,600 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 15,600 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
A 15,649 square foot former bar and entertainment venue located within the heart of Novi's central business district.
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-23-151-022 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,112,550 |
Property Taxes
Parcel Number
22-23-151-022
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,112,550
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