Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Sublot 41 Charles Clinton Twp, MI 48035

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    LAND - Clinton Twp, MI

    Lot size:
    0.10 Acres
    Added:
    Jan 23, 2026
    Days on Market:
    78
    Last Refresh:
    Apr 11 at 7:06 am

    Property Features for Sublot 41 Charles

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    161112402009
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Description
    50-11-12-402-009 D 41 CHARLES KATHS SUBDIVISION LOT 41.
    Tax Annual Amount
    156

    Utilities

    Sewer type
    Unknown

    We can help!

    Listing Contact
    Austin Lee

    Listing agent Austin Lee

    Listing office Golden Key Realty Group LLC 1120 E Long Lake Ste 201, Troy, MI

    Listing date Jan 23, 2026

    MLS# 20261004840

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vacant Land in Clinton Township

    This vacant parcel offers potential for residential or investment use, providing a foundation for custom construction, future development, or long-term investment. The lot allows buyers to design and build to suit their residential needs. This property presents an opportunity to construct a private retreat, expand a portfolio, or secure land in a growing area within Clinton Township, Michigan. The lot size is approximately 0.1 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Twp
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8635152
    Latitude
    42.6045442

    Nearby Similar for Sale

    • $300,000

      Commercial Land on Harper Avenue

      0.73 AC commercial land parcel in Clinton Twp, MI.
      Harper Avenue, Clinton Twp, MI 48035
      View Details
    • $279,000
      1,482 SF

      Remodeled Condo with Modern Amenities

      Move-in ready, 2-bedroom condo with updated features and attached garage.
      20399 VILLA GRANDE Circle, Clinton Twp, MI 48038
      View Details
    • $1,175,000
      14,000 SF

      Renovated Retail Center For Sale

      Fully renovated retail center with high occupancy and long-term investment potential.
      37235-45 S Groesbeck Hwy, Clinton Twp, MI 48036
      View Details
    • $1,550,000
      6,655 SF

      Medical Office Building with Expansion

      Medical/office building near hospitals with expansion potential.
      37244 S Groesbeck Hwy, Clinton twp, MI 48036
      View Details
    • $200,000

      0.76 Acre Commercial Lot

      0.76 acre lot ideal for QSR, retail, or medical.
      15341 19 Mile Rd, Clinton Twp, MI 48038
      View Details
    • $2,000,000

      Commercial Land in Retail Corridor

      Land in high-traffic retail area near major institutions.
      41241 Garfield Rd, Clinton Twp, MI 48038
      View Details
    • $2,200,000
      12,000 SF

      Operating Restaurant on Large Lot

      Operating restaurant for sale on a large 82,000+ sqft lot.
      36217 Southbound Gratiot Ave, Clinton Twp, MI 48035
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant parcel with potential for residential or investment use.
    Where is this residential land & home lot located?
    The property is located at Sublot 41 Charles Clinton Twp, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Vacant parcel READY FOR CUSTOM BUILD.; Potential for residential or investment use.; Flexibility to design and build to suit.
    (248) 422-6962
    We can help!
    Listing Contact
    Austin Lee
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!