41964 Hayes Road
Clinton Twp, MI 48038

$2,200,000

Description

7 UNIT SHOPPING CENTER/PLAZA IN CLINTON TWP,20,000 SQUARE FOOT LOCATED ON 2 ACRES, BUILT IN NEWLY RENOVATED IN 2015, PROPERTY HAS 270 FEET OF BUSY HAYES ROAD FRONTAGE NEAR 19 MILE, HUGE PARKING LOT,100% LEASED, OCCUPIED UNITS INCLUDE 4,800 SQ FT RESTAURANT/PUB, 2,400 SQ FT LAUNDRY MAT, 1,200 SQ FT CHIROPRACTORS OFFICE, 7,800 SQ FT GYM, 1,200 SQ FT HAIR SALON, 1,200 SQ FT NAIL SPA & 1,200 SQ FT LASH SALON,WELL MAINTAINED AND OCCUPIED, RETAIL CENTER IS POSITIONED PERFECTLY IN A NEIGHBORHOOD RETAIL AREA, RECENT UPDATES INCLUDE A NEW MONUMENT SIGN, NEW EXTERIOR & NEWER PARKING LOT, EXCELLENT TRAFFIC COUNTS & ACTIVE RETAIL MARKET, EASY ACCESSIBILITY WITH EXCELLENT VISIBILITY, GREAT CAP RATE APX 8.55%, ABOUT 38,890 CARS PASS BY THE WINDMILL PLAZA DAILY, ALL LEASES ARE GROSS IN NATURE SO ITS EASILY MANAGEABLE, CITY SQUARE FOOTAGE IS 19,800 & CITY ACREAGE IS 1.86, ALL DATA APX.

Details

MLS#218111171
StyleRetail
Sub-TypeResale
StatusActive
Year1989
Days On Site129

Features

SQ Feet20,000
Story(s)1
ZoningCommercial

Market Activity 48038

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Area Information

StateMI
CountyMacomb
CityClinton Twp
Zip Code48038
AreaClinton Twp
Listing VS Median (in 48038)
Price:
$2,200,000
low | high
Med:
$224,900
100% of Average
SqFt:
20,000
low | high
Med:
1,686
100% of Average
$ / SqFt:
$110
low | high
Med:
$133
28.733958805133% of Average
On Site:
129
low | high
Med:
191
67.539267015707% of Average
Listing Updated: 03/24/2019
MLS Number: 218111171
Listing Provided By:
Dave W Abdallah  of  Century 21 Curran Oberski
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