Multi-Level Retail
For Sale
$445,000
1430 S Gratiot Ave, Mount Clemens, MI 48043
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 Market734
Property Features for 1430 S Gratiot Ave
General Information
Standard status
Active
Size
4,560 SF
Lot size
0.23 Acres
Property subtype
Retail
Zoning
GC
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Heavy Power
Yes
Building Details
Building Size
4,560 SF
Year Built
1962
Buildings
1
Stories
1
Listing Agency:
Thomas A. Duke Company
Listed By:
Dave Tesch · License #6501378844
(248) 479-0126
Source:
Cpix.resimplifi
Added: Oct 21, 2024
Changed: Oct 23
Last Checked: Oct 24 at 1:44PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,708
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,160
$674.2K
Cap Rate 7%
$481,543
$481.5K
Cap Rate 9%
$374,533
$374.5K
Market Conditions
NOI Build-Up for 4,560 SF
Gross rent
$54.7K $12.00/SF
− Vacancy
−$6.6K −$1.44/SF
EGI
$48.2K $10.56/SF
− OpEx
−$14.4K −$3.17/SF
NOI
$33.7K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,160
Cap Rate 7%
$481,543
Cap Rate 9%
$374,533
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,333
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 10%
Shell
Shops & Services
13,140 visits/mo
0.4 miles
Mobil
Shops & Services
5,508 visits/mo
0.2 miles
Huntington Bank
Shops & Services
3,790 visits/mo
0.3 miles
Fifth Third Bank & ATM
Shops & Services
3,069 visits/mo
0.1 miles
Happy's Pizza
Dining
3,003 visits/mo
0.5 miles
Demographics for 48043, MI
15,665
Population
7,059
Households
2.2
Avg Household Size
41
Median Age
18%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
3,821
Density / Sq Mi
$57,315
Median Household Income
$37,683
Median Earnings
$896
Median Rent
$169,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
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
