Property profile

38500 Garfield Rd Clinton Township, MI 48038

FOR SALE
Commercial land
Property ID
US43-1953877
1.94 ac lot
Individually Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.94-acre commercial land parcel presents a remarkable development opportunity in Clinton Township, Michigan. Located at 38500 Garfield Road (APN 1120101008), this property boasts a highly desirable commercial zoning designation, making it ideal for a wide range of business ventures. The lot itself measures approximately 172 x 482 x 197 x 442 feet, offering ample space for construction. Its strategic location offers excellent visibility and accessibility, situated next to an attorney's office, in close proximity to the local Fire Department, and just down the street from the Fern Hill Golf Club. The surrounding area is experiencing significant growth, with numerous newer commercial developments already established, indicating a thriving and expanding business community. This property is priced at $375,000 and represents a compelling investment in a dynamic and promising location within Macomb County, Michigan, zip code 48038. All dimensions are approximate.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.94 ac (84,506 SF)
Zoning code OS-1
APN 16-11-20-101-008
UPID US43-1953877

Cap rate & NOI

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

Location

38500 Garfield Rd Clinton Township, MI 48038
Clinton Township metro Census 240601 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2012
3 recorded transactions
2012
$4,000
2008
$359,970
2006
Price N/A

Zoning & alternative use

OS-1 · Clinton Township, MI

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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More about this property
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