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Grand River Ave - Lots A, B,C and D 1.5 - 4.25 Acre Commercial Land Lots Offered at $682,595 - $2,742,102 CAD Per Lot in Novi, MI 48375

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INVESTMENT HIGHLIGHTS

  • Prime corner location with exceptional frontage on Grand River Avenue.
  • High traffic counts and immediate access to major freeways.
  • Affluent demographics with household incomes exceeding $116,000 nearby.
  • Five commercially zoned parcels offering flexible development options.
  • Surrounded by national retailers and strong residential base.

EXECUTIVE SUMMARY

Positioned at the high-visibility intersection of Grand River Avenue and Meadowbrook Road in Novi, Michigan, this premier land offering presents an exceptional opportunity for developers and investors seeking a strategic foothold in one of Metro Detroit’s most dynamic corridors. Comprising five separate parcels totaling over 14 acres, the site is zoned for commercial use and offers unmatched flexibility for retail, mixed-use, or hospitality development.
The location benefits from superior connectivity, situated just two miles from I-696 and I-275, ensuring seamless regional access. Grand River Avenue boasts traffic counts of approximately 39,000 vehicles per day, delivering strong exposure and consumer reach. Surrounding the property is a thriving commercial landscape anchored by national retailers, dining establishments, and service providers, complemented by affluent residential neighborhoods. Novi is recognized for its robust demographics, with average household incomes exceeding $116,000 within a one-mile radius and a population of more than 184,000 within five miles—ideal for supporting high-performing retail or service concepts.
This rare assemblage offers developers the ability to capitalize on Novi’s continued growth trajectory and strong demand for quality commercial space. Whether pursuing a single-user flagship site or a multi-parcel development, these parcels provide the scale, visibility, and market fundamentals to deliver long-term value.

PROPERTY FACTS

Price $682,595 - $8,202,863 CAD
Sale Type Investment
No. Lots 5
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
Total Lot Size 13.96 AC
Cross Streets Meadowbrook Rd
Zoning OS-1 - Commercial

5 LOTS AVAILABLE

Lot Lot B

Price $2,742,102 CAD
Price Per AC $645,200.43 CAD
Lot Size 4.25 AC

Parcel B: 4.25 Acres (useable); Asking $1,988,500

Lot Lot A

Price $2,275,317 CAD
Price Per AC $1,516,878.04 CAD
Lot Size 1.50 AC

Parcel A: 1.5 Acres; Asking $1,650,000.

Lot Lot D

Price $682,595 CAD
Price Per AC $299,383.82 CAD
Lot Size 2.28 AC

Parcel D: 2.28 Acres; Asking $495,000

Lot Lot C

Price $682,595 CAD
Price Per AC $341,297.56 CAD
Lot Size 2.00 AC

Parcel C: 2 Acres; Asking $495,000

Lot Lot E

Price $1,820,254 CAD
Price Per AC $463,168.87 CAD
Lot Size 3.93 AC

Parcel E: 3.93 Acres; Asking $1,320,000

DESCRIPTION

Grand River Ave in Novi, Michigan offers 4 lots ranging from 2AC-5.7 available for development. The properties offer many commercial development options. The lots are highly visible on Grand Ave and Meadowbrook Road and are located across from U-Haul Neighborhood Dealer, Krocs Gym Dan Wood Plumbing, heating and Cooling and many other commercial tenants.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 22-24-301-010
  • 22-24-301-011
  • 22-24-151-002
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,633,827 CAD
  • Listing ID: 31418332

  • Date on Market: 2024-04-04

  • Last Updated:

  • Address: Grand River Ave, Novi, MI 48375

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