Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    34360 Groesbeck Hwy Clinton Township, MI 48035

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic location with drive-thru potential in Clinton Township.

    Lot size:
    0.85 Acres

    Property Features for 34360 Groesbeck Hwy

    General Information

    Lot size
    0.85 Acres

    We can help!

    Listing Contact
    Paul Debono
    Source: Moodyscre

    Listing Agent: Paul Debono

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

    Learn more

    Property Insight Report

    Overview

    Commercial Land on Groesbeck Highway

    This commercial land is available for rent with flexible ground lease terms. The property, formerly approved for a drive-thru and previously used as a fast food site, offers versatile development potential for various commercial uses. The parcel features dimensions of 150 ft wide by 250 ft deep. Situated on Groesbeck Highway, the location provides high traffic exposure, excellent visibility, and easy access for customers. The site is adjacent to established fast food franchises, including Taco Bell and KFC, and is located in a growing community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.920211
    Latitude
    42.549285

    Nearby Similar for Lease

    • $16 SF/Yr
      1,600 SF

      Remodeled Office Space For Lease

      Office suite available for lease in Clinton Township, Michigan.
      37244 S Groesbeck Ct, Clinton Township, MI 48036
      View Details
    • $1,400 /Mo
      1,400 SF

      Turnkey Retail Location For Rent

      Move-in ready retail space with high visibility and ample parking.
      37239 S Groesbeck Hwy, Clinton Township, MI 48036
      View Details
    • $1,600 /Mo
      1,500 SF

      High-Traffic Retail Space Available

      Retail space in high-traffic area near major intersection.
      44637 N Gratiot Ave, Clinton Township, MI 48036
      View Details
    • $495 /Mo
      150 SF

      Clinton Township Office Space

      Well-maintained office building with multiple private entrances in Clinton Township.
      35807 Moravian Rd, Clinton Township, MI 48035
      View Details
    • $15 SF/Yr
      1,000 SF

      Office/Medical Space in Clinton Township

      Available office and medical space in a busy Clinton Township complex.
      16655 15 Mile Rd, Clinton Township, MI 48035
      View Details
    • $18 SF/Yr
      6,000 SF

      Turn-Key Medical/Office Condo

      6,000 SF condo suite near hospitals and community college.
      42450 Hayes Rd, Clinton Township, MI 48038
      View Details
    • $12 SF/Yr
      42,000 SF

      Pointe Village Plaza: Office Space for Lease

      Hall Road, Clinton Twp, MI: Prime Office Space Available
      20658 Hall Rd, Clinton Township, MI 48038
      View Details
    • Contact for pricing
      20,000 SF

      Holiday Shopping Center: Prime Retail Space

      Clinton Twp, MI: Retail spaces available now
      36570-36830 Garfield Rd, Clinton Township, MI 48035
      View Details
    • $13 SF/Yr
      38,000 SF

      Hayes Rd Office Park Investment Opportunity

      Clinton Twp, MI Office Suites Available
      42500 Hayes Rd, Clinton Township, MI 48038
      View Details
    • $10 SF/Yr
      3,965 SF

      Hall Road Office Building

      High-image office building with flexible R&D space for rent.
      19700-19800 Hall Rd, Clinton Township, MI 48038
      View Details
    • $15 SF/Yr
      135,450 SF

      Clinton Pointe Shopping Center

      High-traffic retail space available
      33802 Gratiot Ave, Clinton Township, MI 48035
      View Details
    • $7 SF/Yr
      9,755 SF

      Utica Road Commercial Space

      9,755 SF Multi-Use Building, High Traffic
      35850 Utica Rd, Clinton Township, MI 48035
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-traffic location with drive-thru potential in Clinton Township.
    Where is this commercial land located?
    The property is located at 34360 Groesbeck Hwy Clinton Township, MI.
    What are key features of this property?
    This property features: - Prime location on Groesbeck Highway with high traffic exposure; - Former Fast Food site formally approved for a Drive-Thru; - Adjacent to established fast food franchises (Taco Bell and KFC)
    (313) 446-8060
    Request Owner's contact information
    34360 Groesbeck Hwy Clinton Township, MI 48035
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    34360 Groesbeck Hwy
    Clinton Township, MI 48035
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    34360 Groesbeck Hwy Clinton Township, MI 48035
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Paul Debono
    (313) 446-8060
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.