Add Listing
    For Sale
    • 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

    56 Macomb Pl Mount Clemens, MI 48043

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $475,000

    Historic office and retail building in excellent, move-in condition.

    Lot size:
    0.04 Acres

    Property Features for 56 Macomb Pl

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.04 Acres

    Building Details

    Year built
    1892

    We can help!

    Listing Contact
    Catherine A Bott
    Source: Elliman

    Listing Agent: Catherine A Bott

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

    Learn more

    Overview

    Historic Building in Downtown Mt. Clemens

    This historic building, constructed in 1892, is situated in the DDA heart of Mt. Clemens, suitable for both office and retail use. The property is in excellent, move-in condition and features three bathrooms. The second floor includes five large offices with a kitchen and a central conference room, while the main floor offers one large office with a kitchen. The building is equipped with three furnaces and a large reception area. It can be divided for two separate users. Modern plank flooring is installed in the main areas. A newer, well-maintained roof protects the structure. The basement includes an additional bathroom with a shower. The building sits on a full lot. The owner agrees to provide possession within 30 days of the closing date. The owner is a licensed real estate broker.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Clemens
    County
    Macomb
    State
    Michigan
    Longitude
    -82.878124
    Latitude
    42.598637

    Nearby Similar for Sale

    • $550,000
      5,529 SF

      Commercial Property in Mt. Clemens

      Commercial property with established tenants in high-traffic area.
      209 Northbound Gratiot Ave, Mount Clemens, MI 48043
      View Details
    • $225,000
      2,000 SF

      Mount Clemens Office Investment Opportunity

      Office building in Mount Clemens with ample parking and easy access.
      289 Southbound Gratiot Ave, Mount Clemens, MI 48043
      View Details
    • New
      $339,000
      2,326 SF

      Remodeled Multi-Family Home with Possibilities

      Remodeled two-unit property suitable for multi-family, commercial, or residential use.
      273 Southbound Gratiot Ave, Mount Clemens, MI 48043
      View Details
    • $529,000
      3,702 SF

      Remodeled Commercial Property in Mt. Clemens

      Prime commercial property in downtown Mt. Clemens with high-end remodel.
      104 Macomb Pl, Mount Clemens, MI 48043
      View Details
    • $349,900
      2,134 SF

      Updated Triplex in Mount Clemens

      Well-maintained triplex with modern updates and full occupancy.
      40 Ahrens St, Mount Clemens, MI 48043
      View Details
    • $167,000
      Pending

      Updated Triplex in Mount Clemens

      Turn-key, income-producing triplex with updated units and strong rental potential.
      158 Robertson St, Mount Clemens, MI 48043
      View Details
    • $529,000

      Remodeled Commercial Property in Downtown

      Prime commercial property in downtown Mount Clemens' bustling social district.
      104 Macomb Pl, Mount Clemens, MI 48043
      View Details
    • $474,006
      2,301 SF

      Freestanding Catering Kitchen in Mount Clemens

      Single-tenant catering kitchen in Mount Clemens, Detroit MSA.
      1120 Southbound Gratiot Ave, Mount Clemens, MI 48043
      View Details
    • $310,000

      Updated Office Building For Sale

      2,204 SF office building in downtown Mount Clemens.
      117 Crocker Blvd, Mount Clemens, MI 48043
      View Details
    • $475,000

      Historic Building in Mt. Clemens

      Historic office and retail building in move-in condition.
      56 Macomb Pl, Mount Clemens, MI 48043
      View Details
    • $2,900,000

      High-Volume Gas Station For Sale

      Gas station with liquor license and convenience store in Michigan.
      186 N Gratiot Ave, Mount Clemens, MI 48043
      View Details
    • Contact for pricing

      Downtown Mt. Clemens Redevelopment Opportunity

      Seven-story, 60,000 SF building on 1.23 acres in downtown Mt. Clemens.
      67 Cass Ave, Mount Clemens, MI 48043
      View Details

    FAQs

    What type of property is this?
    Office building - Historic office and retail building in excellent, move-in condition.
    Where is this office building located?
    The property is located at 56 Macomb Pl Mount Clemens, MI.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Excellent, move-in condition suitable for office and retail use in the DDA heart of Mt. Clemens.; - Can be divided for 2 separate users, offering flexible usage options.; - Features multiple offices, including 5 large offices on the 2nd floor and 1 large office on the main floor, each with a kitchen.
    (810) 469-1414
    Request Owner's contact information
    56 Macomb Pl Mount Clemens, MI 48043
    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.
    56 Macomb Pl
    Mount Clemens, MI 48043
    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
    56 Macomb Pl Mount Clemens, MI 48043
    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
    Catherine A Bott
    Real Estate License ID: MISPE-6502129704
    (810) 469-1414 (586) 469-9874 (586) 506-1180
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!