Downtown Mount Clemens Office
For Sale
$225,000
117 Crocker Boulevard, Mount Clemens, MI 48043
2,204 SF office space for sale in downtown Mount Clemens.
Property Size2,204 SF
Price / SF$102.09
Days on Market214
Property Features for 117 Crocker Boulevard
General Information
Standard status
Active
Size
2,204 SF
Class
C
Property subtype
Office - General Office
Building Details
Building Size
2,204 SF
Listing Agency:
NAI Farbman
Listed By:
Nathan Casey · License #6501410787
(586) 871-5155
Source:
Commercialcafe
Added: Mar 26
Changed: Oct 21
Last Checked: Oct 24 at 1:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Farbman
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,204 square foot office space is available for sale in downtown Mount Clemens. This property presents an owner/user opportunity.
Key Highlights
- Price reduction makes this an even better opportunity!
- Ideal owner/user opportunity to own your office space.
- 2,204 SF of office space available for sale.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,587
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$151,740
$151.7K
Cap Rate 7%
$108,386
$108.4K
Cap Rate 9%
$84,300
$84.3K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$13.2K $6.00/SF
− Vacancy
−$3.1K −$1.41/SF
EGI
$10.1K $4.59/SF
− OpEx
−$2.5K −$1.15/SF
NOI
$7.6K $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%
$151,740
Cap Rate 7%
$108,386
Cap Rate 9%
$84,300
Alternative Uses
Best Use
Office B
$108.4K
$94.8K – $126.5K
NOI $7,587 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$412.6K
$361.1K – $481.4K
NOI $28,884 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,301
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
Frequently Asked Questions
What type of property is this?
Office unit - 2,204 SF office space for sale in downtown Mount Clemens.
Where is this office unit located?
The property is located at 117 Crocker Boulevard Mount Clemens, MI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Price reduction makes this an even better opportunity!; Ideal owner/user opportunity to own your office space.; 2,204 SF of office space available for sale.
