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    1120 Southbound Gratiot Ave Mount Clemens, MI 48043

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    For Sale
    $474,006

    Single-tenant catering kitchen in Mount Clemens, Detroit MSA.

    Property size:
    2,301 SF
    Lot size:
    0.33 Acres

    Property Features for 1120 Southbound Gratiot Ave

    General Information

    Size
    2,301 SF
    Lot size
    0.33 Acres

    Source: Legacy Real Estate Advisors Agent Dominic Shamany

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Catering Kitchen in Mount Clemens

    This single-tenant, freestanding catering kitchen is located in Mount Clemens, Michigan, within the Detroit MSA, which is ranked among the top 15 in the U.S.A. The surrounding area has a dense population, with over 90,000 residents within a 3-mile radius. Daytime employment exceeds 33,000 people within the same radius, and the average household income surpasses $69,000. Population growth is projected at +0.35% and household growth at +0.41% through 2027 within a 1-mile radius. The property is strategically situated along southbound Gratiot Avenue, which experiences a daily traffic volume of over 59,000 vehicles. It is located a 30-minute commute to downtown Detroit, MI. The property is 2,301 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial kitchens

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Clemens
    County
    Macomb
    State
    Michigan
    Longitude
    -82.885094
    Latitude
    42.582856

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    FAQs

    What type of property is this?
    Commercial kitchen - Single-tenant catering kitchen in Mount Clemens, Detroit MSA.
    Where is this commercial kitchen located?
    The property is located at 1120 Southbound Gratiot Ave Mount Clemens, MI.
    What is the asking price?
    The asking price for this property is $474,006.
    What are key features of this property?
    This property features: - Freestanding building with single tenant angels catering kitchen.; - High traffic location: Over 59,000+ vehicles pass the site daily on Gratiot Ave.; - Dense demographics: Over 90,000+ people reside within a 3-mile radius.
    (248) 450-3259
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    Realmo Value Estimation

    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.

    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.

    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
    1120 Southbound Gratiot Ave Mount Clemens, MI 48043
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