Medical/General Office Building For
37244 S Groesbeck, Clinton Township, MI 48036
Office - Clinton Township, MI
Type:Office
Property size:
6,655 SFLot size:
1.10 AcresPrice / SF:
$195/SF- Added:
- May 7, 2026
- Days on Market:
- 16
- Last Refresh:
- May 22 at 5:06 am
Property Features for 37244 S Groesbeck
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Professional Office
- Standard status
- Active
- APN
- 1915-37244-00-1
- Size
- 6,655 SF
- Lot size
- 1.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 27298.14
Building Details
- Year built
- 1972
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Michael Donelson License #6501391695 (586) 321-1391
Listing office Realty Executives Home Towne Shelby 49433 Hayes, Port Huron, MI (586) 726-4600
Listing date May 7, 2026
MLS# 50206738
Listing URL
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.
HighLights
- Zoned for medical and general office use, located near McLaren Macomb and Henry Ford Macomb Hospitals.
- High visibility location with a traffic count of 28,816 per day.
- Includes an attached vacant lot (0.33 acre) for expansion.
- Versatile floor plan with movable, non‑load‑bearing interior walls and 12 ft structural ceilings.
- All 3 units recently remodeled within the last 2 years.
- Large private parking lot and extra‑large marquis sign included.
Overview
This professional office building is zoned for both medical and general office use. It is located within a mile of McLaren Macomb Hospital and minutes from Henry Ford Macomb Hospital and other major outpatient facilities. The stand-alone structure offers privacy and exclusivity, along with high visibility from a traffic count of 28,816 per day on Groesbeck. The building's professional style and design is intended to improve a company's image. A large private parking lot provides client convenience. Included in the sale is an attached vacant lot, approximately 70 x 207 (0.33 acre), allowing for expansion. The floor plan is versatile, featuring 12 ft structural ceilings throughout with built-in drop ceilings. All interior walls are movable, as there are no load-bearing interior walls. Each unit is separately metered for gas and electric. Suite A is 3854 square feet, Suite B (currently occupied by anchor tenant Edward Jones) is 1054 square feet, and Suite C is 1600 square feet. All three units have been remodeled within the last 2 years. The parking lot was resealed in 2024, and the AC was replaced in 2021. An extra-large marquis sign is included. The total property size is 6655 square feet, situated on a 1.1-acre lot. The property is located in Clinton Township, MI. The space is expected to rent for $16-25/SF.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$775.2K
NOI $69,772 @ 9.00% cap · cautious / downside scenario
Moderate
$996.7K
NOI $69,772 @ 7.00% cap · market / base-case scenario
Aggressive
$1.40M
NOI $69,772 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $131.8k | $19.80 |
| − Vacancy | −$15.5k | −$2.33 |
| EGI | $116.3k | $17.47 |
| − OpEx | −$46.5k | −$6.99 |
| NOI | $69.8k | $10.48 |
6,655 SF · lease $19.80/SF/yr · vacancy 11.75% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$996.7K
$872.2K – $1.16M
NOI $69,772 @ 7.0% cap · market cap 5.37%
Second Best
Office B
$327.3K
$286.4K – $381.8K
NOI $22,910 @ 7.0% cap · market cap 1.76%
Theoretical Best
Specialty Retail
$1.25M
$1.09M – $1.45M
NOI $87,215 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Clinton Township
- County
- Macomb
- State
- Michigan
- Longitude
- -82.9045
- Latitude
- 42.5828
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Stand-alone office building with high visibility and expansion potential.
Where is this office building located?
The property is located at 37244 S Groesbeck Clinton Township, MI.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: Zoned for medical and general office use, located near McLaren Macomb and Henry Ford Macomb Hospitals.; High visibility location with a traffic count of 28,816 per day.; Includes an attached vacant lot (0.33 acre) for expansion.
