Freestanding Commercial
40696 Garfield Road Clinton Township, MI 48038
New
For Sale
Contact for pricing
Freestanding building for sale with land contract available and approximately 3,952 square feet.
Property Size3,952 SF
Price / SF$225.20
Days on Market7
Property Features for 40696 Garfield Road
General Information
Standard status
Active
Size
3,952 SF
Property subtype
Retail, Office, Special Purpose
Building Details
Year Built
1993
Listing Agency:
Pilot Property Group
(586) 291-6968
Listed By:
Tony Cavataio · License #MI
Source:
Crexi
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 29 at 11:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pilot Property Group
Investment Insights
Based on property information with market context.
This freestanding commercial building is available for sale, and a land contract may be available for qualified buyers. The property totals approximately 3,952 square feet and offers a straightforward footprint suitable for a range of commercial uses that can be accommodated within the existing structure.
The building is located at 40696 Garfield Road in Clinton Township, Michigan 48038. Please contact the listing broker for additional details on the interior layout, condition, and any use considerations.
The building is located at 40696 Garfield Road in Clinton Township, Michigan 48038. Please contact the listing broker for additional details on the interior layout, condition, and any use considerations.
Key Highlights
- Freestanding building for sale with approximately 3,952 SF.
- Land contract available.
- Built in 1993.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.4k | $12.00 |
| − Vacancy | −$5.7k | −$1.44 |
| EGI | $41.7k | $10.56 |
| − OpEx | −$12.5k | −$3.17 |
| NOI | $29.2k | $7.39 |
3,952 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$417.3K
$365.2K – $486.9K
NOI $29,213 @ 7.0% cap · market cap 3.28%
Second Best
Office B
$194.4K
$170.1K – $226.8K
NOI $13,605 @ 7.0% cap · market cap 1.53%
Theoretical Best
Specialty Retail
$739.9K
$647.4K – $863.2K
NOI $51,791 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Freestanding building for sale with land contract available and approximately 3,952 square feet.
Where is this office building located?
The property is located at 40696 Garfield Road Clinton Township, MI.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Freestanding building for sale with approximately 3,952 SF.; Land contract available.; Built in 1993.
