Multi-Level Retail
1430 S Gratiot Ave Mount Clemens, MI 48043
1430 S Gratiot Ave, Mount Clemens, MI, 48043
$445,000
For Sale
$445,000
Retail building with prominent Gratiot Ave frontage and a 1,000+/- SF basement.
Property Size4,560 SF
Lot Size0.23 Acres
Price / SF$97.59
Days on Market640
Property Features for 1430 S Gratiot Ave
General Information
- Standard status
- Active
- Size
- 4,560 SF
- Lot size
- 0.23 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1962
Listing agency
Thomas A. Duke Company
(248) 479-0126
Listed by
Dave Tesch · License #6501378844
Source
Cpix.resimplifi
Added: Oct 21, 2024 Updated: Jul 21 at 5:21PM Checked: Jul 21 at 5:21PM
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 Thomas A. Duke Company
Investment Insights
Based on property information with market context.
This 4,560 SF retail building features a quad-level design with an open concept layout and high vaulted ceilings. The property includes a 1,000+/- SF basement and three restrooms, including one with a shower. Electrical service is listed as 480 amp three phase power.
The building is located on the west side of southbound Gratiot Ave, between 16 Mile Rd and Harrington St in Mount Clemens. It has prominent frontage along the highly traveled corridor and is described as being in close proximity to Downtown Mount Clemens and the I-94 expressway.
The site is approximate 100 ft x 100 ft, providing space for an established retail footprint along Gratiot Ave.
The building is located on the west side of southbound Gratiot Ave, between 16 Mile Rd and Harrington St in Mount Clemens. It has prominent frontage along the highly traveled corridor and is described as being in close proximity to Downtown Mount Clemens and the I-94 expressway.
The site is approximate 100 ft x 100 ft, providing space for an established retail footprint along Gratiot Ave.
Key Highlights
- 4,560 SF multi‑level retail building with a 1,000+/- SF basement
- Prominent west‑side Gratiot Ave frontage on southbound Gratiot Ave between 16 Mile Rd & Harrington St
- Quad‑level design with open business layout and vaulted ceilings
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.7k | $12.00 |
| − Vacancy | −$6.6k | −$1.44 |
| EGI | $48.2k | $10.56 |
| − OpEx | −$14.4k | −$3.17 |
| NOI | $33.7k | $7.39 |
4,560 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$481.5K
$421.4K – $561.8K
NOI $33,708 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$853.7K
$747.0K – $996.0K
NOI $59,759 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail building with prominent Gratiot Ave frontage and a 1,000+/- SF basement.
Where is this retail space located?
The property is located at 1430 S Gratiot Ave Mount Clemens, MI.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 4,560 SF multi‑level retail building with a 1,000+/- SF basement; Prominent west‑side Gratiot Ave frontage on southbound Gratiot Ave between 16 Mile Rd & Harrington St; Quad‑level design with open business layout and vaulted ceilings
