Storefront with On-Site
For Sale
$359,900
36366 Groesbeck Highway, Clinton Township, MI 48035
The interior includes two restrooms, a kitchenette, and non-load-bearing partitions that allow for reconfiguration.
Property Size2,430 SF
Lot Size0.57 Acres
Price / SF$148.11
Days on Market744
Property Features for 36366 Groesbeck Highway
General Information
Standard status
Active
Size
2,430 SF
Total Parking Spaces
10
Lot size
0.57 Acres
Property subtype
Commercial
Zoning
Commercial
Additional Details
Traffic Count
31,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$6,600
Amenities
kitchenette
alarm system
internet and phone
large signage
Building Details
Building Size
2,430 SF
Year Built
1969
Buildings
1
Construction
brick and block
Listing Agency:
Inca Realty, LLC
(810) 244-6302
Listed By:
Wilson Lahoud · License #6501303462
(810) 691-1485
Source:
Propertiesatincarealty
Added: Oct 18, 2024
Changed: Oct 31
Last Checked: Oct 31 at 3:12AM
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 Inca Realty, LLC
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Investment Insights
Based on property information with market context.
This 2,430-square-foot brick-and-block commercial building, constructed in 1969, occupies a 0.57-acre parcel in Clinton Charter Township. The layout includes office areas, two restrooms, a kitchenette, finished walls, and interior partitions that are not load-bearing. Building systems include a furnace and air conditioning installed in 2021 and a water heater from 2022, along with an alarm system and phone and internet service.
The property fronts Groesbeck Highway, south of 16 Mile Road, with 100 feet of highway frontage and a lot measuring 250 feet deep. The corridor carries 31,000 vehicles daily. B3 zoning supports office, retail, and commercial use. A paved parking area provides space for 10 vehicles, and the building has large signage.
The property fronts Groesbeck Highway, south of 16 Mile Road, with 100 feet of highway frontage and a lot measuring 250 feet deep. The corridor carries 31,000 vehicles daily. B3 zoning supports office, retail, and commercial use. A paved parking area provides space for 10 vehicles, and the building has large signage.
Key Highlights
- 2,430‑square‑foot brick‑and‑block commercial building on a 0.57‑acre parcel
- 100 feet of frontage on Groesbeck Highway; lot is 250 feet deep
- 31,000 vehicles travel the corridor daily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,963
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,260
$359.3K
Cap Rate 7%
$256,614
$256.6K
Cap Rate 9%
$199,589
$199.6K
Market Conditions
NOI Build-Up for 2,430 SF
Gross rent
$29.2K $12.00/SF
− Vacancy
−$3.5K −$1.44/SF
EGI
$25.7K $10.56/SF
− OpEx
−$7.7K −$3.17/SF
NOI
$18.0K $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%
$359,260
Cap Rate 7%
$256,614
Cap Rate 9%
$199,589
Alternative Uses
Best Use
Retail
$256.6K
$224.5K – $299.4K
NOI $17,963 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$454.9K
$398.1K – $530.8K
NOI $31,845 @ 7.0% cap · market cap 8.85%
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
31,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
41k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 49%
Home Improvements & Furnishings 2%
Sunoco
Shops & Services
12,738 visits/mo
0.2 miles
White Castle
Dining
11,664 visits/mo
0.2 miles
Arby's
Dining
5,310 visits/mo
0.2 miles
Shell
Shops & Services
4,030 visits/mo
0.1 miles
Chase Bank
Shops & Services
3,375 visits/mo
0.4 miles
Demographics for 48035, MI
34,018
Population
15,615
Households
2.2
Avg Household Size
40
Median Age
20%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
3,866
Density / Sq Mi
$69,245
Median Household Income
$41,167
Median Earnings
$1,111
Median Rent
$181,300
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?
Storefront property - The interior includes two restrooms, a kitchenette, and non-load-bearing partitions that allow for reconfiguration.
Where is this storefront property located?
The property is located at 36366 Groesbeck Highway Clinton Township, MI.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 2,430‑square‑foot brick‑and‑block commercial building on a 0.57‑acre parcel; 100 feet of frontage on Groesbeck Highway; lot is 250 feet deep; 31,000 vehicles travel the corridor daily
