11.12 Acres 13 Mile & M5

40695 13 Mile Road, Novi, MI 48377

Property Details

Acreage

11.12 acres

Zoning

RA - Residential

Parcel ID

22-12-101-051; 22-12-101-035; 22-12-101-038 & 22-12-101-049

Price

$1,750,000

Information deemed reliable but not guaranteed. Subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. See full disclaimer

Description

Vacant Commercial Land

Location

Located at the southwest corner of 13 Mile & M5.

Highlights

Proposed rezoning to Multi Family or Office.
Located on the hard corner of 13 Mile and the M-5 Expressway.
Highly visible property with approximately 1000 fee of frontage on M-5.

Location

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Demographics

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	1-Mile Radius	3-Mile Radius	5-Mile Radius
Total Population	9,804	61,104	188,128
Total Households	4,328	26,242	79,614
Persons / Household	2.25	2.32	2.35
Avg. Household Income	$115,171	$128,449	$134,991
Per-Capita Income	$51,324	$56,283	$57,988
Avg. Home Value	$368,912	$375,748	$407,296
Median Age	43.9	44.3	43.3