Property profile

18400 Hall Rd Clinton Township, MI 48038

FOR SALE
Outlet malls
Property ID
US43-1128018
175,143 SF 22.87 ac lot Built 2007
Individually Owned 15-yr Hold Free & Clear
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18400 Hall Rd, Clinton Township, MI 48038 For Sale
$18,620,000 175,143 SF
18400 Hall Rd, Clinton Township, MI 48038
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Property summary

AI-generated overview

This exceptional 2.2-acre commercial land parcel presents a prime investment opportunity in Clinton Township, Michigan. Strategically located as a Walmart outparcel, the property boasts excellent visibility and frontage along heavily trafficked Romeo Plank Road, experiencing over 26,000 cars daily. Its B-4, Regional Business zoning allows for a wide range of commercial development options. The site benefits from a strong demographic profile, with over 245,000 people residing within a 5-mile radius and an average household income exceeding $96,000. This location offers unparalleled access to a thriving retail environment, situated near major retail anchors including Partridge Creek Mall (anchored by Nordstrom), Costco, Meijer, LA Fitness, Nino Salvaggio's, Home Depot, and Lowe's. The property's address is 18400 Hall Rd, Clinton Township, MI 48038, within Macomb County. This high-traffic, high-visibility location makes it ideal for a variety of commercial uses, offering significant potential for growth and return on investment. The property is zoned for Regional Business use, providing flexibility for development. This is a rare opportunity to acquire a well-positioned commercial land parcel in a densely populated and affluent area.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2007
Total area 175,143 SF
Lot 22.87 ac (996,261 SF)
Zoning code B-4
APN 16-11-05-226-006
UPID US43-1128018

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Bank Credit Union
  • Bank Credit Union
  • Bank Credit Union
  • Electrical Service General Contractor

Location

18400 Hall Rd Clinton Township, MI 48038
Clinton Township metro Census 242500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$18.62M
Blend (final) Blend
$18.62M

Owner & transaction history

since 2010
4 recorded transactions
2010
Price N/A
2010
Price N/A
2008
Price N/A
2008
Price N/A

Zoning & alternative use

B-4 · Clinton Township, MI
Top alternative use upside
Restaurant $24.8M +16.8%
Medical building $21.5M +1.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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