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    40700-40820 Garfield Rd Clinton Township, MI 48038

    Sponsored
    For Lease
    $12 SF/Yr ($15,384 /Mo)

    15,384 SF Retail Plaza, 5,400 SF Vacant

    Lot size:
    15,384 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Pinewood Plaza offers a prime retail opportunity in Macomb County. This well-maintained, single-story Class B plaza totals 15,384 square feet, situated on a 1.8-acre lot. Currently, 5,400 square feet of retail space is available, divisible to a minimum of 1,200 square feet and with a maximum contiguous space of 2,400 square feet. Built in 1988, the property features 75 parking spaces and is conveniently located near the intersection of 18 Mile Road. The property is zoned B2, allowing for a variety of retail uses. The building is comprised of one building with no elevators. The property's APN is 11-17-100-025. The landlord is willing to provide a "white box" unit build-out for qualified tenants. This presents a fantastic opportunity for businesses seeking a move-in ready space in a thriving retail location. The property's excellent condition and convenient location make it an ideal investment for discerning businesses. Further details are available upon request.

    Property Features for 40700-40820 Garfield Rd

    General Information

    Property type
    Shopping centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,384 SF
    Class
    B
    Total Rate
    15384

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 40760
    Size
    2,400 SF
    Rate per SF
    $12

    HighLights

    • 15,384 SF retail plaza with 5,400 SF of vacant space available.
    • Minimum divisible space is 1,200 SF, with a maximum contiguous space of 2,400 SF available.
    • Located on a 1.8‑acre lot in Macomb County, zoned B2.
    • Single‑story, Class B building constructed in 1988, featuring 75 parking spaces.
    • Landlord offers tenant improvement allowances.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.952379696587
    Latitude
    42.596517645832

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    FAQs

    What type of property is this?
    Shopping center - 15,384 SF Retail Plaza, 5,400 SF Vacant
    Where is this shopping center located?
    The property is located at 40700-40820 Garfield Rd Clinton Township, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 15,384 SF retail plaza with 5,400 SF of vacant space available.; Minimum divisible space is 1,200 SF, with a maximum contiguous space of 2,400 SF available.; Located on a 1.8-acre lot in Macomb County, zoned B2.
    Request Owner's contact information
    40700-40820 Garfield Rd Clinton Township, MI 48038
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    Clinton Township, MI 48038
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    Realmo Value Estimation

    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.

    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.

    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
    40700-40820 Garfield Rd Clinton Township, MI 48038
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