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Freestanding Catering Kitchen in Mount Clemens

1120 Southbound Gratiot Ave, Mount Clemens, MI

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For Sale

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

Type:RETAIL

Property size:

2,301 SF

Lot size:

0.33 Acres

Price / SF:

$206/SF

HighLights

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.
Strong daytime employee base: Over 33,000+ employees within a 3‑mile radius.
Solid household income: Average household income exceeds $69,000+ within a 3‑mile radius.
Located in Mt. Clemens, MI, within the Detroit MSA, ranked #14 in the U.S.A.

We can help!

Listing Contact

Dominic Shamany

For Sale

Contact for pricing

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

Type:RETAIL

Property size:

2,301 SF

Lot size:

0.33 Acres

Price / SF:

$206/SF

Added:: Jul 14, 2023
Days on Market:: 1075
Last Refresh:: May 20 at 9:49 pm

Property Features for 1120 Southbound Gratiot Ave

General Information

Standard status: Active
Size: 2,301 SF
Lot size: 0.33 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Dominic Shamany

Listing agent Dominic Shamany License ##6506047766

Listing office Legacy Real Estate Advisors

Listing date Jul 14, 2023

Source Moodyscre

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 Legacy Real Estate Advisors

HighLights

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.
Strong daytime employee base: Over 33,000+ employees within a 3‑mile radius.
Solid household income: Average household income exceeds $69,000+ within a 3‑mile radius.
Located in Mt. Clemens, MI, within the Detroit MSA, ranked #14 in the U.S.A.

Overview

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.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$45.6k	$19.80
− Vacancy	−$5.4k	−$2.33
EGI	$40.2k	$17.47
− OpEx	−$10.1k	−$4.37
NOI	$30.2k	$13.11

2,301 SF · lease $19.80/SF/yr · vacancy 11.75% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$430.8K

$376.9K – $502.6K (±1% cap)

NOI $30,155 @ 7.0% cap · market cap 6.36%

Second Best

Retail

$243.0K

$212.6K – $283.5K (±1% cap)

NOI $17,009 @ 7.0% cap · market cap 3.59%

Theoretical Best

—

same as Best Use

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

Property Profile Location Intelligence

Current Use by Public Records

Commercial kitchens

Suggested Use

Location Insight

Map
Local Demand

City: Mount Clemens
County: Macomb
State: Michigan
Longitude: -82.8851
Latitude: 42.5829

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For sale
Commercial kitchens
MI
Mount Clemens
1120 Southbound Gratiot Ave

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.

1120 Southbound Gratiot Ave, Mount Clemens, MI

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

Property Features for 1120 Southbound Gratiot Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Commercial Property in Mt. Clemens

Victorian Duplex in Mt. Clemens

Remodeled Two-Unit Duplex

Occupied Multifamily Investment Opportunity

Updated Triplex Investment Property

Mount Clemens Duplex Opportunity

Remodeled Commercial Property in Mt. Clemens

Historic Office and Retail Building

Two-Story Residential Conversion Building

Established Retail Property For Sale

Updated Triplex in Mount Clemens

Charming Victorian Duplex Investment Opportunity

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