Professional Office Building

Office for Sale
Catylist Listing ID: 29608364
Property Subtypes: Executive Suites, Medical, Office Building
Building Size (RSF): 9,248 SF
Gross Building Area: 10,267 SF
Gross Land Area: 3.06 Acres
Sale Price: $2,950,000
Unit Price: $318.99 PSF
Ceiling: 17 ft.
Property Use Type: Vacant/Owner-User
Building Name: Contemporary Imaging Associates
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/26/2016

Overview / Comments

First Class Building and Location in the corridor South of Grand River, I-275, 10 mile Rd in Novi, the leading edge of new development in the Metropolitan Detroit. This 10,267 square foot modern building was constructed in 2008. Well maintained by the occupant/owner, currently used for medical offices. The buildings has 30% leaded interior walls for diagnostic imagery. Zoned OS-1, designed to accommodate multiple tenants, currently 20% of building unfinished and ready for build-out.


Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Central I-96 Corridor
Taxing Authority: City of Novi
Tax ID/APN: 50-22-24-476-032
Zoning: OS-1
Market Type: Large
Property Located Between: 10 Mile Road & Grand River > just west of Haggerty
Side of Street: West
Road Type: Paved
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 10,267 SF
Year Built: 2008
Roof Type: Other
Construction/Siding: Metal/Glass, Metal Siding, Stone
Parking Ratio: 5.6 (per 1000 SF)
Parking Type: Surface
Parking Description: Ample on site parking.
Total Parking Spaces: 52
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: The OS-1 Office Service Districts are designed to accommodate uses such as offices, banks, facilities for human care and personal services which can serve as transitional areas between residential and commercial districts and to provide a transition between major thoroughfares and residential districts. Sec. 1101. Principal Uses In an Office Service District, no building or land shall be used and no building shall be erected except for one or more of the following specified uses unless otherwise provided in this Ordinance: 1. Office buildings for any of the following occupations: executive, administrative, professional, accounting, writing, clerical, stenographic, drafting and sales subject to the limitations contained in Section 1103, Required Conditions. 2. Medical office, including laboratories and clinics. 3. Facilities for human care such as general hospitals, sanitariums, convalescent homes, hospice care facilities and assisted living facilities subject to the following requirements: a.Any such use shall be developed only on sites consisting of not less than five (5) acres except that general hospitals shall be developed only on sites consisting of not less than twenty (20) acres. b.The minimum distance of any main or accessory building from any lot line or street shall be at least fifty (50) feet for all two (2) story structures. For every story above two (2), the minimum yard setback for any yard shall be increased by no less than twenty (20) feet for each floor over two (2), or the setback requirements of the particular zoning district wherein located, whichever is greater. c.General hospitals may exceed the maximum height restrictions of the district provided that all structures shall be limited to five (5) stories and to sixty-five (65) feet in height. 4.Banks, credit unions, savings and loan associations, and similar uses with drive-in facilities as an accessory use only. 5.Personal service establishments including barbershops, beauty shops, and health salons. 6.Off-street parking lots. 7.Churches. 8.Other uses similar to the above uses. 9. Accessory structures and uses customarily incident to the above permitted uses. 10.Publicly owned and operated parks, parkways and outdoor recreational facilities. 11.Public or private health and fitness facilities and clubs, provided that such facilities or clubs do not exceed two thousand (2,000) square feet in size. All fitness activities shall be contained within a completely enclosed building.
Lot Frontage (Feet): 477.26 frontage with 671.34' at rear of property (irregular shaped)
Lot Depth: 300.35 on south end - 303.80 on north end
Legal Description: T1N, R8E, SEC 24 PART OF SE 1/4 BEG AT PT DIST S 88-26-40 W 860.02 FT & N 00-03-40 E 60.02 FT & S 88-26-40 W 467.30 FT & N 00-03-40 E 310 FT FROM SW COR OF T1N, R9E, SEC 19, TH N 00-03-40 E 671.34 FT, TH S 86-37-39 E 303.80 FT, TH ALG CURVE TO LEFT, RAD 260 FT, CHORD BEARS S 22-34-05 W 199 FT, DIST OF 204.20 FT, TH S 00-03-40 W 273.06 FT, TH S 49-08-33 W 300.55 FT TO BEG 3.06 A 6-9-04 FR 028

Attachments & Media


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,070 77,386 231,207
Median Age: 39.3 41.25 42.67
Households: 3,879 33,157 96,240

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