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Former Rite Aid 42481 W 13 Mile Rd
11,180 SF Retail Building Novi, MI 48377 $2,899,000 ($259/SF)
Investment Highlights
- Located in Planned Urban Development with all new housing.
- Average HH Income over $100,000 within a 3 Mile radius.
- Building can be converted for Medical use.
- Only drive-thru allowed within the PUD.
- Hard corner of 13 Mile and Novi Road.
- Gateway to Novi, Walled Lake and probably the best shopping within SE Michigan.
Executive Summary
Freestanding Former Rite Aid
Abundance of parking - approximately 60 parking spaces
Located in Planned Urban Development with all new housing
Only drive-thru allowed within the PUD
Hard corner of 13 Mile and Novi Road
Average HH Income over $100,000 within a 3 Mile radius
Building can be converted for Medical use
Gateway to Novi, Walled Lake and probably the best shopping within SE Michigan.
Asking Price: $2,899,000
Lease Rate - Contact Broker
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
11,180 SF on 2.27 acres Freestanding Former Rite Aid Abundance of parking - approximately 60 parking spaces Located in Planned Urban Development with all new housing Only drive-thru allowed within the PUD Hard corner of 13 Mile and Novi Road Average HH Income over $100,000 within a 3 Mile radius Building can be converted for Medical use Gateway to Novi, Walled Lake and probably the best shopping within SE Michigan. Asking Price: $2,899,000 Lease Rate - Contact Broker
| Space | Size | Space Use | Position | Available |
| 1st Floor | 11,180 SF | Retail | Outparcel | Now |
1st Floor
| Size |
| 11,180 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
1st Floor
| Size | 11,180 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
11,180 SF on 2.27 acres Freestanding Former Rite Aid Abundance of parking - approximately 60 parking spaces Located in Planned Urban Development with all new housing Only drive-thru allowed within the PUD Hard corner of 13 Mile and Novi Road Average HH Income over $100,000 within a 3 Mile radius Building can be converted for Medical use Gateway to Novi, Walled Lake and probably the best shopping within SE Michigan. Asking Price: $2,899,000 Lease Rate - Contact Broker
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 22-11-126-004 | Improvements Assessment | $0 (2023) |
| Land Assessment | $0 (2023) | Total Assessment | $536,120 (2023) |
PROPERTY TAXES
Presented by
Former Rite Aid | 42481 W 13 Mile Rd
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