5 months on rocket

40875 Grand River Ave, Novi, MI, 48375

$450,000

0.86 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Lot
MLS #24032840
Lot Size0.86 Acres
StatusActive

About 40875 Grand River Ave

This exceptional 0.86-acre vacant land parcel offers an outstanding opportunity for commercial development in a prime location. Zoned for OS-1, this expansive lot is ideally suited for a wide range of business ventures, from retail establishments to office complexes. The property's ample size provides versatility and room for growth, making it an ideal investment for entrepreneurs and developers alike. With its strategic location in a thriving area, this land boasts high visibility and accessibility, ensuring a steady flow of potential customers. Don't miss the chance to secure this prime commercial property and bring your business vision to life!

Property Details

Property Features

Listing Office:

  • Office Name: KW Professionals
  • Office Phone: (734) 459-4700
  • Listing Agent: Jeff Glover, Arshnoor Singh

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.86 Acres

Other

Directions Information:

  • Directions: Cross streets are Grand River and Haggerty

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000

Tax Information:

  • Annual Amount: $3,701
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Novi, MI.

Med. Sold Price

$475K

Med. Price/SqFt

$191

Avg. Days On Market

31

# of Sold Homes

39

40875 Grand River Ave vs Novi

177 DAYS ON ROCKET

+146 Days

$450,000

-$25K Less

KEY TAKEAWAY

This property is $25K less than the Median Sold Price in Novi, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24032840

Listing Office:

  • Office Name: KW Professionals
  • Office Phone: (734) 459-4700
  • Listing Agent: Jeff Glover, Arshnoor Singh

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 9:21:03 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,701$105,650
2018$3,570$83,450
2017$3,518$75,800

History based on county public records data.

Payment Calculator

$2,313

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-939766
6
/10
  • Orchard Hills Elementary School

  • 41900 Quince Dr

  • 0.95 miles

  • Public District Grades KG-4

school-card-donut-939767
7
/10
  • Village Oaks Elementary School

  • 23333 Willowbrook

  • 1.01 miles

  • Public District Grades KG-4

school-card-donut-939768
7
/10
  • Hillside Elementary School

  • 36801 W 11 Mile Rd

  • 2.03 miles

  • Public District Grades KG-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,911. Residents of Novi, MI typically earn between $35k-100k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 40875 Grand River Ave

What is the listing price of this property?

The listing price of 40875 Grand River Ave property is $450,000.

What type of property is this?

The property 40875 Grand River Ave is land located in Novi, Michigan, 48375.

Is this property for sale now?

Active Listing: 40875 Grand River Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,701 (source: MLS/based on county public records data).

How much acreage is this property?

The property 40875 Grand River Ave is 0.86 acres.
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Rocket HomesMichiganOakland CountyNovi4837540875 Grand River Ave

This home is located at 40875 Grand River Ave in Novi, MI and zip code 48375. This home sits on a 0.86 acre lot. It has been listed on Rocket Homes since June 27, 2024 and is currently priced at $450,000.

In November 2024, from all listings sold in Novi, MI there were more than 9 sold above asking price, over 23 sold below and more than 7 were sold right at the asked price. In November 2024 in Novi, MI there were 18.5% less homes for sale than in October 2024. Listings spent 31 days on the market in November 2024, and had a median list price of $475,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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