Shopping Center with Excess
For Sale
Contact for pricing
Pending
41560 Garfield Rd, Clinton Township, MI 48038
The center includes multiple available spaces with prominent signage and on-site parking.
Property Size14,800 SF
Days on Market197
Property Features for 41560 Garfield Rd
General Information
Standard status
Pending
Size
14,800 SF
Class
B
Total Parking Spaces
125
Property subtype
Retail
Zoning
B-2
Occupancy
80%
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
1979
Buildings
1
Stories
1
Units
6
Tenancy
Multi
Listing Agency:
Pilot Property Group
Listed By:
Anthony Rubino · License #MI 6502425251
(586) 873-5419
Source:
Crexi
Added: Apr 2
Changed: Oct 5
Last Checked: Oct 14 at 9:07PM
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
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Investment Insights
Based on property information with market context.
Garfield Landing is a shopping center offering approximately 7,600 square feet of available space, configured as 5,200 SF and 2,400 SF areas. The property was built in 1979 and includes prominent signage and on-site parking. The available spaces can accommodate retail, restaurant, and office users as described for the offering.
Located at 41560 - 41660 Garfield Rd in ClintonCharterTownship_Macomb, MI 48038, the property sits within the Garfield Corridor, identified as an established retail corridor serving surrounding communities. Additional land behind the shopping center is included, providing space associated with potential future development, expansion, or redevelopment.
Located at 41560 - 41660 Garfield Rd in ClintonCharterTownship_Macomb, MI 48038, the property sits within the Garfield Corridor, identified as an established retail corridor serving surrounding communities. Additional land behind the shopping center is included, providing space associated with potential future development, expansion, or redevelopment.
Key Highlights
- Approximately 7,600 square feet of available space
- Available areas of 5,200 SF and 2,400 SF
- Additional land behind the shopping center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,402
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,188,040
$2.2M
Cap Rate 7%
$1,562,886
$1.6M
Cap Rate 9%
$1,215,578
$1.2M
Market Conditions
NOI Build-Up for 14,800 SF
Gross rent
$177.6K $12.00/SF
− Vacancy
−$21.3K −$1.44/SF
EGI
$156.3K $10.56/SF
− OpEx
−$46.9K −$3.17/SF
NOI
$109.4K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,188,040
Cap Rate 7%
$1,562,886
Cap Rate 9%
$1,215,578
Alternative Uses
Best Use
Retail
$1.56M
$1.37M – $1.82M
NOI $109,402 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.77M
$2.42M – $3.23M
NOI $193,956 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
204k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 33%
Groceries 26%
Beauty & Spa 1%
Kroger
Groceries
52,393 visits/mo
0.1 miles
McDonald's
Dining
28,264 visits/mo
0.2 miles
Taco Bell
Dining
14,815 visits/mo
0.2 miles
Dollar Tree
Shops & Services
14,502 visits/mo
0.5 miles
Pet Supplies Plus
Shops & Services
13,938 visits/mo
0.2 miles
Demographics for 48038, MI
44,038
Population
21,395
Households
2.1
Avg Household Size
43
Median Age
29%
College-Educated
94%
High-School Grad
10.9 sq mi
ZIP Area
4,040
Density / Sq Mi
$78,684
Median Household Income
$44,811
Median Earnings
$1,255
Median Rent
$246,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Coinstar Kiosk - Bitcoin ATM — 41941 Garfield Kroger, Clinton Twp, MI 48038
Frequently Asked Questions
What type of property is this?
Shopping center - The center includes multiple available spaces with prominent signage and on-site parking.
Where is this shopping center located?
The property is located at 41560 Garfield Rd Clinton Township, MI.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Approximately 7,600 square feet of available space; Available areas of 5,200 SF and 2,400 SF; Additional land behind the shopping center
