Brick Retail/Office
21720 15 Mile Rd Clinton Township, MI 48035
21720 15 Mile Rd, Clinton Township, MI, 48035
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For Sale
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Built in 1992 with brick construction and ample parking, this B-1 property offers retail or office flexibility.
Property Size1,668 SF
Lot Size1.06 Acres
Price / SF$161.87
Days on Market93
Property Features for 21720 15 Mile Rd
General Information
- Standard status
- Active
- Size
- 1,668 SF
- Lot size
- 1.06 Acres
- Property subtype
- Land, Mixed Use, Office, Retail
Building Details
- Year Built
- 1992
Listing agency
Detroit Metro Realty
Listed by
Kingsley Ifezue · License #MI 6505412738
Source
Crexi
Added: Apr 20 Updated: Jul 20 at 5:03PM Checked: Jul 20 at 5:03PM
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 Detroit Metro Realty
Investment Insights
Based on property information with market context.
This 1,668 SF brick retail/office building was built in 1992 and sits on a 1.06-acre parcel. The property offers flexible use as a retail or professional workspace within a B-1 zoning designation, supported by modern utilities and on-site parking for 15 vehicles.
Positioned in a high-visibility corridor at Gratiot & Kentucky in Clinton Charter Township, the site offers 277’ of frontage and easy access. The surrounding retail environment includes national anchors such as Lowe’s and Sherwin-Williams, with a newly built Meijer listed as coming soon.
For tenant fit, the building is well-suited to an owner-user or investor looking for a brick commercial asset in Macomb County, with demographic support described as approximately 95,000 residents and $75,000 average household income within a 3-mile radius.
Positioned in a high-visibility corridor at Gratiot & Kentucky in Clinton Charter Township, the site offers 277’ of frontage and easy access. The surrounding retail environment includes national anchors such as Lowe’s and Sherwin-Williams, with a newly built Meijer listed as coming soon.
For tenant fit, the building is well-suited to an owner-user or investor looking for a brick commercial asset in Macomb County, with demographic support described as approximately 95,000 residents and $75,000 average household income within a 3-mile radius.
Key Highlights
- 1,668 SF retail/office building built in 1992 with brick construction
- 1.06‑acre parcel with 277' of frontage on the Gratiot & Kentucky corridor
- B‑1 zoned property suitable for retail or professional use
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 | $20.0k | $12.00 |
| − Vacancy | −$2.4k | −$1.44 |
| EGI | $17.6k | $10.56 |
| − OpEx | −$5.3k | −$3.17 |
| NOI | $12.3k | $7.39 |
1,668 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$176.1K
$154.1K – $205.5K
NOI $12,330 @ 7.0% cap · market cap 4.57%
Second Best
Office B
$82.0K
$71.8K – $95.7K
NOI $5,742 @ 7.0% cap · market cap 2.13%
Theoretical Best
Specialty Retail
$312.3K
$273.2K – $364.3K
NOI $21,859 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Built in 1992 with brick construction and ample parking, this B-1 property offers retail or office flexibility.
Where is this office units located?
The property is located at 21720 15 Mile Rd Clinton Township, MI.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 1,668 SF retail/office building built in 1992 with brick construction; 1.06‑acre parcel with 277' of frontage on the Gratiot & Kentucky corridor; B‑1 zoned property suitable for retail or professional use
