Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    37245 S Groesbeck Hwy Clinton Township, MI 48036

    Sponsored
    For Lease
    $1,435 /Mo ($1.23 SF/Yr)

    Real Estate Only - Clinton Township, MI

    Property size:
    14,000 SF
    Lot size:
    1.35 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 2 at 4:06 am

    Property Features for 37245 S Groesbeck Hwy

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial,Office
    APN
    161147901065
    Size
    14,000 SF
    Lot size
    1.35 Acres

    Building Details

    Year built
    1971
    Year renovated
    2023
    Building materials
    Block, Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    James Bufalino

    Premier Property Services (313) 822-9000

    Listing agent James Bufalino (313) 822-9000

    Listing date Mar 1, 2026

    MLS# 20261012842 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Commercial Unit For Lease

    A 1,435 square foot corner commercial unit is available for lease in a fully renovated strip center. The property is located on a high-traffic street in Clinton Township, Michigan. The previous tenant was a hair salon that operated at this location for over 20 years. The property is situated in a high-density residential area with single-family homes, condos, and apartments. The location offers excellent traffic, visibility, monument and storefront signage, and ample customer parking in a large on-site parking lot. The entire plaza is 90% leased and was renovated in 2025. The adjacent plaza is also undergoing full renovation. Area businesses include Chase Bank, Subway, Dairy Queen, 7/11, Hungry Howies, Picture Perfect Event Center, Pizza Stop, Thai Restaurant, Macomb Service Company, Family Dollar, Dollar Tree, Self Storage, and Starbucks. The property features ample power (3 Phase) and great parking. The property is zoned for commercial and office use. The lot size is 1.35 acres, and the property size is 14,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.909808
    Latitude
    42.573155

    Nearby Similar for Lease

    • New
      $1,400 /Mo
      1,400 SF

      Retail Space in Clinton Township

      Retail space for rent in high-traffic Clinton Township location.
      37239 S Groesbeck Hwy, Clinton Township, MI 48036
      View Details
    • $1,100 /Mo
      800 SF

      High-Traffic Retail/Office Space Available

      800 SF space in high-traffic Clinton Township location.
      44623 N Gratiot Ave, Clinton Township, MI 48036
      View Details
    • $550 /Mo
      180 SF

      Clinton Township Office Space Available

      Well-maintained office building with multiple private entrances in Clinton Township.
      35807 Moravian Rd, Clinton Township, MI 48035
      View Details
    • $16 SF/Yr
      1,600 SF

      Remodeled Office Space For Lease

      Office suite available for lease in Clinton Township, Michigan.
      37244 S Groesbeck Ct, Clinton Township, MI 48036
      View Details
    • $1,500 /Mo
      1,152 SF

      Clinton Township Office For Rent

      Standalone office building in Clinton Township, Michigan, with great exposure.
      18601 15 Mile Rd, Clinton Township, MI 48035
      View Details
    • $1,776 /Mo
      1,705 SF

      Clinton Township Office Space Available

      Office space for rent in Clinton Township, Michigan.
      39425 Garfield Rd, Clinton Township, MI 48038
      View Details
    • $7 SF/Yr
      15,018 SF

      Dalcoma Drive Medical/Office Space

      Medical or office space available near Henry Ford Macomb Hospital.
      43171 Dalcoma Dr, Clinton Township, MI 48038
      View Details
    • $1,750 /Mo

      Flex Space with Office Component

      1800 SF flex space with office and overhead door.
      22657 15 Mile Rd, Clinton Township, MI 48035
      View Details
    • $18 SF/Yr
      1,250 SF

      Turnkey Medical Suite For Lease

      1,250 SF medical suite near Henry Ford Macomb Hospital.
      43331 Cmns Dr, Clinton Township, MI
      View Details
    • $10 SF/Yr
      3,965 SF

      Hall Road Office Building

      High-image office building with flexible R&D space for rent.
      19700-19800 Hall Rd, Clinton Township, MI 48038
      View Details
    • $18 SF/Yr
      6,000 SF

      Turn-Key Medical/Office Condo

      6,000 SF condo suite near hospitals and community college.
      42450 Hayes Rd, Clinton Township, MI 48038
      View Details
    • Contact for pricing

      Groesbeck Highway Flex Space

      Flex space with office and overhead doors near I-94.
      43917 North Groesbeck Hwy, Clinton Township, MI 48036
      View Details

    FAQs

    What type of property is this?
    Strip mall - Corner 1,435 SF unit in renovated Clinton Township strip center.
    Where is this strip mall located?
    The property is located at 37245 S Groesbeck Hwy Clinton Township, MI.
    What is the lease rate?
    The lease rate is $1.23 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location with excellent visibility and **monument/storefront signage**.; - **Fully renovated strip center (renovated in 2025)** that is 90% leased.; - Located in the heart of a high-density residential area (single family, condo, and apartment communities).
    (313) 806-1303
    Request Owner's contact information
    37245 S Groesbeck Hwy Clinton Township, MI 48036
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    37245 S Groesbeck Hwy
    Clinton Township, MI 48036
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    37245 S Groesbeck Hwy Clinton Township, MI 48036
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    James Bufalino
    Real Estate License ID: 6501313711
    (313) 806-1303 (313) 822-9000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!