42490 Garfield Rd Clinton Township, MI 48038
- Retail properties
- 2,423 SF
Current Use by Public Records
- Retail properties
Property Details for 42490 Garfield Rd
- Year built
- 1993
- Property size
- 2,423 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This single-story, 2,423 square foot medical facility in Clinton Township, Michigan, presents a compelling value-add investment opportunity. Located at 42490 Garfield Rd #7, 48038, near Henry Ford Macomb Hospital, this property boasts a desirable location and ample parking, including handicap-accessible spots. The building, constructed in 1993 and fully renovated in 2008, features two units, each with a separate entrance, offering flexibility for single or multi-tenant occupancy. Currently vacant with an occupancy date of September 22, 2024, this property is zoned commercial and sits on a 16,300 square foot lot. The interior includes a welcoming waiting area, four exam rooms with sinks and a service desk, a lunchroom with washer and dryer, a fireproof room, and oxygen tank storage. With five beds and a 7% cap rate, this property offers a strong return on investment at an asking price of $445,000 ($183.66/sq ft). The property's versatile design makes it suitable for various healthcare providers, technology firms, or other businesses seeking a professional setting. This is a rare opportunity to acquire a well-maintained, strategically located medical office building with significant upside potential. The property's APN is 16-11-08-102-011 & 16-11-08-102-014. The ownership structure is an LLC.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clinton Township
- County
- Macomb
- State
- Michigan
- Longitude
- -82.9519
- Latitude
- 42.6092
