Two-Story Office
For Sale
$299,000
111 Cass Avenue, Mount Clemens, MI 48043
COM/IND/BUS OPP, Mount Clemens, MI
Property Size3,472 SF
Lot Size0.28 Acres
Price / SF$86.12
Days on Market95
Property Features for 111 Cass Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Main Street
Subdivision
Mt Clemens (50013)
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
Listed By:
Alexander Termini · License #6501392648
(586) 291-0499
Added: Jul 9
Changed: Oct 8
Last Checked: Oct 11 at 1:06AM
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 3,472-square-foot office building occupies a 0.28-acre site in downtown Mount Clemens. The two-story layout includes multiple entrances, an on-site parking lot with a designated private area, and a configuration that can support separate occupants. Built in 1900 and renovated in 2012, the property retains historic character while offering forced-air heating and public water service.
The first floor is occupied by an established attorney group under a short-term lease structure, while the upper level is scheduled for delivery vacant at closing. The building’s frontage along Cass Avenue places it near the Macomb County Court, municipal offices, financial institutions, and regional service businesses. Access to SB Gratiot and I-94 further connects the property with surrounding Mount Clemens and Macomb County destinations.
The first floor is occupied by an established attorney group under a short-term lease structure, while the upper level is scheduled for delivery vacant at closing. The building’s frontage along Cass Avenue places it near the Macomb County Court, municipal offices, financial institutions, and regional service businesses. Access to SB Gratiot and I-94 further connects the property with surrounding Mount Clemens and Macomb County destinations.
Key Highlights
- 3,472‑square‑foot office building on a 0.28‑acre site
- Two‑story layout with multiple entrances for separate‑occupant configurations
- First floor occupied by an attorney group under a short‑term lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,952
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,040
$239.0K
Cap Rate 7%
$170,743
$170.7K
Cap Rate 9%
$132,800
$132.8K
Market Conditions
NOI Build-Up for 3,472 SF
Gross rent
$20.8K $6.00/SF
− Vacancy
−$4.9K −$1.41/SF
EGI
$15.9K $4.59/SF
− OpEx
−$4.0K −$1.15/SF
NOI
$12.0K $3.44/SF
Area
Macomb County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,040
Cap Rate 7%
$170,743
Cap Rate 9%
$132,800
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 authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,333
Businesses Nearby
Explore this area
Business Placement
Demographics for 48043, MI
15,665
Population
7,059
Households
2.2
Avg Household Size
41
Median Age
18%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
3,821
Density / Sq Mi
$57,315
Median Household Income
$37,683
Median Earnings
$896
Median Rent
$169,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Renovated professional office property with separate entrances, parking, and a partially leased configuration.
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: 3,472‑square‑foot office building on a 0.28‑acre site; Two‑story layout with multiple entrances for separate‑occupant configurations; First floor occupied by an attorney group under a short‑term lease structure
