Montessori School in Novi MI

Special Purpose for Sale
Catylist Listing ID: 30623086
Property Subtypes: School/University
Building Size (RSF): 5,641 SF
Gross Building Area: See Agent
Gross Land Area: 2.26 Acres
Sale Price: $1,100,000
Property Use Type: Business
Usable Size (USF): 5,641 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/23/2020

Overview / Comments

Successful operating Montessori School in Novi. This Montessori School has been built and owner operated since 1996 and owner is ready to retire. It is licensed for 60 students. There are 5 classrooms all of which has their own bathroom, one that is shared. The building is 5,641 square feet of which 3856 square feet is the school. It has 2 separate play grounds outside. The property sits on 2.26 acres with a possible assemblage of an additional 1.35 acres on the north side. There have been many new update to this property. They are as follows: new fire alarm system (7/2020), new roof (08/2020), and new flooring (8/2020). This could also be a great property to redevelop. Check with Novi's Planning Department for your use. PLEASE DO NOT APPROACH THE OCCUPANTS! All information is estimated and should be verified.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Central I-96 Corridor
Tax ID/APN: 2220301025
Zoning: R-1
Property Visibility: Excellent
Largest Nearby Street: 10 Mile Rd & Wixom Rd
Feet of Frontage: 327
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Renovated: 1996
Roof Type: Gable
Construction/Siding: Brick
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: R-1
Lot Frontage: 327
Lot Depth: 300
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,085 34,866 114,848
Median Age: 40.23 41.13 40.76
Households: 962 12,380 47,106

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