42850 Garfield RdClinton Township, MI 48038

Property Details for 42850 Garfield Rd

Year built

1986

Lot size

1.08 AC

Property size (Sq ft)

10,444 SF

Zone code

OS-1

Property type

Healthcare properties

Property subtype

Medical offices

APN

16-11-08-101-025

APU

161108101025

Description

This exceptional 1,300 square foot executive office suite is ideally situated at 42850 Garfield Road in Clinton Township, Michigan, 48038, at the intersection of Garfield and 19 Mile Road. The property, a single-story Class B building constructed in 1986, offers a well-maintained workspace within a larger 10,444 square foot building situated on a 1.079-acre lot. The suite itself boasts a functional layout including three private offices, a kitchenette, a private restroom, and a smaller bullpen area. Ample parking is available with 58 spaces provided for the entire building. The building is zoned OS1 LR and has a Macomb County APN of 16-11-08-101-025. While the entire building contains three suites, this 1,300 square foot space represents the minimum divisible and maximum contiguous area currently available. The property benefits from excellent visibility and exposure due to its prime location. Utilities include 110-volt power. There is no elevator in this single-story building. This is an exceptional opportunity for a business seeking a move-in ready office space in a desirable location. Contact for details.

• CAP approach

  CAP return

  Valuation

  6%

  $2,172,200

  6.5%

  $2,005,107

  7%

  $1,861,885

• Comparable approach

  Method

  Valuation

  Relative Method

  $976,932

  Geo Method

  $976,932

• Alternative Use

  Use

  Valuation

  Residential

  $2,486,333

  Hospitality

  $2,277,468

  Educational

  $1,894,826

  Medical

  $1,959,992

  Retail

  $2,947,508

Location Insight

City

Clinton Township

County

Macomb

State

Michigan

Latitude

42.6119

Longitude

-82.952

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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