Multi-Unit Retail
For Sale
Contact for pricing
1500 N Crooks Road 1, Clawson, MI 48017
Three units offer the option to occupy a single space or combine them into a larger footprint.
Property Size2,067 SF
Price / SF$1.33
Days on Market21
Property Features for 1500 N Crooks Road 1
General Information
Standard status
Active
Size
2,067 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1961
Listing Agency:
RE/MAX Team 2000
Listed By:
Yousef Beydoun · License #6501354088
(313) 561-0900
Source:
Goodhomemi
Added: Oct 12
Changed: Oct 29
Last Checked: Oct 28 at 3:45PM
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 RE/MAX Team 2000
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 retail space is part of a three-unit offering in an established retail center. The units range from 2,067 SF to 6,452 SF and can be configured individually or combined. One unit includes an overhead bay door, adding a distinct access feature to the available spaces.
The property is in Clawson, near Troy, Royal Oak, Birmingham, Madison Heights, and Berkley, with access to I-75 and other major thoroughfares.
The property is in Clawson, near Troy, Royal Oak, Birmingham, Madison Heights, and Berkley, with access to I-75 and other major thoroughfares.
Key Highlights
- Three retail units range from 2,067 SF to 6,452 SF
- Units can be occupied individually or combined
- One unit has overhead bay door access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,242
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,840
$444.8K
Cap Rate 7%
$317,743
$317.7K
Cap Rate 9%
$247,133
$247.1K
Market Conditions
NOI Build-Up for 2,067 SF
Gross rent
$34.7K $16.80/SF
− Vacancy
−$3.0K −$1.43/SF
EGI
$31.8K $15.37/SF
− OpEx
−$9.5K −$4.61/SF
NOI
$22.2K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,840
Cap Rate 7%
$317,743
Cap Rate 9%
$247,133
Alternative Uses
Best Use
Retail
$317.7K
$278.0K – $370.7K
NOI $22,242 @ 7.0% cap · market cap 808.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$445.8K
$390.1K – $520.1K
NOI $31,208 @ 7.0% cap · market cap 1,134.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
236k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 57%
Shops & Services 21%
Apparel 12%
Dining 10%
Walmart
Superstores
133,250 visits/mo
0.5 miles
Marshalls
Apparel
28,163 visits/mo
0.5 miles
XFINITY Store by Comcast
Shops & Services
12,971 visits/mo
0.4 miles
Tous Les Jours
Dining
12,698 visits/mo
0.2 miles
BP
Shops & Services
10,198 visits/mo
0.1 miles
Demographics for 48017, MI
11,353
Population
5,827
Households
1.9
Avg Household Size
39
Median Age
44%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
5,160
Density / Sq Mi
$86,935
Median Household Income
$62,650
Median Earnings
$1,255
Median Rent
$251,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Three units offer the option to occupy a single space or combine them into a larger footprint.
Where is this retail space located?
The property is located at 1500 N Crooks Road 1 Clawson, MI.
What are key features of this property?
This property features: Three retail units range from 2,067 SF to 6,452 SF; Units can be occupied individually or combined; One unit has overhead bay door access
