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    37116 South Groesbeck Hwy Clinton Township, MI 48036

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    For Lease
    $999,000

    Restaurant property with high traffic volume available for lease.

    Property size:
    3,752 SF
    Lot size:
    0.72 Acres

    Property Features for 37116 South Groesbeck Hwy

    General Information

    Size
    3,752 SF
    Lot size
    0.72 Acres

    Source: CBRE | Detroit Agent Gordon Denha

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

    Overview

    Restaurant Property on Groesbeck Highway

    This property offers 3,752 square feet of available space on a 0.72-acre lot. It is an operating restaurant with pylon signage available. The location benefits from high visibility, with over 70,000 vehicles per day at the intersection. There is potential for assemblage with an additional +/- 0.46 acres to the south. The lease rate is $66,000 per year.
    Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.910377
    Latitude
    42.570698

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    FAQs

    What type of property is this?
    Restaurant - Restaurant property with high traffic volume available for lease.
    Where is this restaurant located?
    The property is located at 37116 South Groesbeck Hwy Clinton Township, MI.
    What are key features of this property?
    This property features: - High Traffic Location: 70,000+ VPD at Intersection; - Reduced Price: $999,000; - Operating Restaurant
    (586) 464-7615
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    37116 South Groesbeck Hwy Clinton Township, MI 48036
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    Clinton Township, MI 48036
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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
    37116 South Groesbeck Hwy Clinton Township, MI 48036
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