Two-Story Professional Office
111 Cass Avenue Mount Clemens, MI 48043
111 Cass Avenue, Mount Clemens, MI, 48043
$299,000
For Sale
$299,000
COMMERCIAL - Mount Clemens, MI
Property Size3,472 SF
Lot Size0.28 Acres
Price / SF$86.12
Days on Market9
Property Features for 111 Cass Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 05-11-14-210-003
- Size
- 3,472 SF
- Lot size
- 0.28 Acres
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
Listing Agency
Pilot Property Group - Residential LLC
(586) 254-0900
38600 Van Dyke Ste 325, Shelby Twp, MI
Listed by
Alexander Termini · License #6501392648
(586) 291-0499
Added: Jul 9 Checked: Jul 17 at 11:06 am
MLS# 50214245
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story professional office building offers flexible configuration with multiple entrances suitable for dual-tenant setups. The first floor is fully occupied by a long-standing attorney group under a short-term lease structure, providing immediate occupancy. The upper floor will be delivered vacant at closing, supporting an owner-user or expansion scenario. The property totals 3,472 square feet and includes an ample parking lot with a dedicated private area. Built in 1900 and renovated in 2012, it combines historic architectural character with updated functionality.
Located in downtown Mount Clemens, the building features strong street frontage and convenient access to major thoroughfares, including SB Gratiot, with access to I-94 and regional highways. It is positioned near the Macomb County Court, municipal offices, financial institutions, and regional service businesses, supporting day-to-day professional access.
The asset is offered for sale at $299,000.
Located in downtown Mount Clemens, the building features strong street frontage and convenient access to major thoroughfares, including SB Gratiot, with access to I-94 and regional highways. It is positioned near the Macomb County Court, municipal offices, financial institutions, and regional service businesses, supporting day-to-day professional access.
The asset is offered for sale at $299,000.
Key Highlights
- Two‑story professional office building in downtown Mount Clemens with strong street frontage and convenient access to SB Gratiot
- First floor is fully occupied by a long‑standing attorney group under a short‑term lease structure
- Upper floor delivered vacant at closing for an owner‑user or expansion‑minded business
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.8k | $6.00 |
| − Vacancy | −$4.9k | −$1.41 |
| EGI | $15.9k | $4.59 |
| − OpEx | −$4.0k | −$1.15 |
| NOI | $12.0k | $3.44 |
3,472 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$170.7K
$149.4K – $199.2K
NOI $11,952 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$650.0K
$568.8K – $758.4K
NOI $45,501 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Two-story office building with first-floor tenancy, upper-floor vacancy at closing, and multiple entrances on-site parking.
Where is this office building located?
The property is located at 111 Cass Avenue Mount Clemens, MI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑story professional office building in downtown Mount Clemens with strong street frontage and convenient access to SB Gratiot; First floor is fully occupied by a long‑standing attorney group under a short‑term lease structure; Upper floor delivered vacant at closing for an owner‑user or expansion‑minded business
