For Sale
$445,000

42490 Garfield RdClinton Township, MI 48038

Prime medical office, vacant, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
117
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.

Highlights

  • 2,423 SF single-story medical facility in Clinton Township, MI.
  • Located at 42490 Garfield Rd #7, 48038, near Henry Ford Macomb Hospital, with ample parking.
  • Built in 1993, fully renovated in 2008, with two units and separate entrances.
  • Currently vacant, available September 22, 2024; zoned commercial, 16,300 SF lot.
  • Features four exam rooms, waiting area, lunchroom, fireproof room, and oxygen tank storage.
  • Asking price: $445,000 ($183.66/SF), 7% cap rate, five beds.

Property Details for 42490 Garfield Rd

Property type
Retail properties, Office properties
Square Feet
2,423 SF
Year Built/Renovated
1993/2008
Buildings
1
Stories
1
Units
2

Location Insight

City
Clinton Township
County
Macomb
State
Michigan
Latitude
42.6092155
Longitude
-82.9518744
42490 Garfield Rd, Clinton Township, Michigan

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42490 Garfield Rd
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