Retail Investment Property with
209 Northbound Gratiot Avenue Unit SourceFi Mount Clemens, MI 48043
209 Northbound Gratiot Avenue Unit SourceFi, Mount Clemens, MI, 48043
$550,000
For Sale
$550,000
Retail property for sale featuring long-term tenants Metro by T-Mobile and EZ Go Golf Carts.
Property Size5,529 SF
Price / SF$99.48
Days on Market169
Property Features for 209 Northbound Gratiot Avenue Unit SourceFi
General Information
- Standard status
- Active
- Size
- 5,529 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency
Community Choice Realty Inc
(248) 225-5994
Listed by
Jonathan Farida · License #6501432091
(248) 225-5994
Source
Xome
Added: Jan 30 Checked: Jul 18 at 2:00 am
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 Community Choice Realty Inc
Investment Insights
Based on property information with market context.
This retail investment property is offered for sale with existing tenants in place. Metro by T-Mobile operates continuously at the location for more than 15 years, reflecting established long-term occupancy. EZ Go Golf Carts is also an ongoing tenant.
The property is located at 209 Northbound Gratiot Avenue in Mount Clemens, Michigan. At an overall size of 5,529 square feet, it presents a practical option for buyers looking to acquire a leased retail asset with operating tenants.
Please confirm lease terms, rent roll, and allowable uses with the listing broker prior to completing due diligence.
The property is located at 209 Northbound Gratiot Avenue in Mount Clemens, Michigan. At an overall size of 5,529 square feet, it presents a practical option for buyers looking to acquire a leased retail asset with operating tenants.
Please confirm lease terms, rent roll, and allowable uses with the listing broker prior to completing due diligence.
Key Highlights
- Long‑term tenants: Metro by T‑Mobile and EZ Go Golf Carts
- Metro by T‑Mobile has operated at this location for more than 15 years continuously
- Guest facilities: 3
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 | $66.3k | $12.00 |
| − Vacancy | −$8.0k | −$1.44 |
| EGI | $58.4k | $10.56 |
| − OpEx | −$17.5k | −$3.17 |
| NOI | $40.9k | $7.39 |
5,529 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$583.9K
$510.9K – $681.2K
NOI $40,870 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.04M
$905.7K – $1.21M
NOI $72,458 @ 7.0% cap · market cap 13.17%
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 property for sale featuring long-term tenants Metro by T-Mobile and EZ Go Golf Carts.
Where is this retail space located?
The property is located at 209 Northbound Gratiot Avenue Unit SourceFi Mount Clemens, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Long‑term tenants: Metro by T‑Mobile and EZ Go Golf Carts; Metro by T‑Mobile has operated at this location for more than 15 years continuously; Guest facilities: 3
