Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    23233 15 Mile Rd Clinton Township, MI 48035

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Large industrial land parcel, ideal for new development.

    Lot size:
    4.75 Acres

    Property Features for 23233 15 Mile Rd

    General Information

    Standard status
    Active
    Zoning
    I-1
    Lot size
    4.75 Acres

    We can help!

    Listing Contact
    Joe Deponio Iii, Sior
    Source: Crexi

    Listing Agency: L. Mason Capitani Listing Agent: Joe Deponio Iii, Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Industrial Land Parcel For Sale

    This is an excellent industrial opportunity featuring a rare, large parcel of land that is perfect for a new development. The property is located just off I-94 and is close to I-696.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.879954
    Latitude
    42.557235

    Nearby Similar for Sale

    • New
      $30,000
      3,200 SF

      Established Restaurant Business Opportunity

      Turnkey restaurant business for sale in high-traffic Clinton Township.
      34380 Harper Ave, Clinton Township, MI 48035
      View Details
    • New
      $249,000
      3,640 SF

      Established Cake Decorating Supply Business

      Long-standing cake decorating supply business with classroom and kitchen.
      44885 Morley Dr, Clinton Township, MI 48036
      View Details
    • $1,400,000
      9,755 SF

      Commercial/Industrial Building in Clinton Township

      Multi-use commercial building with high traffic and ample parking.
      35850 Utica Rd, Clinton Township, MI 48035
      View Details
    • $590,000
      4,276 SF

      Profitable Mechanic Shop For Sale

      Turnkey mechanic shop with equipment and rental income in place.
      374 N Gratiot Ave, Clinton Township, MI 48036
      View Details
    • $1,650,000
      14,807 SF

      Versatile Industrial Flex Facility

      14,807 SF industrial flex facility on 1.89 acres.
      44595 Enterprise Dr, Clinton Township, MI 48038
      View Details
    • $1,250,000
      3,200 SF

      Commercial Property in Clinton Township

      Commercial/Industrial property with high visibility and detail shop.
      34470 S Gratiot Ave, Clinton Township, MI 48035
      View Details
    • $649,900
      8,380 SF

      Income Producing Office Building

      Office building for sale or lease with many improvements.
      17097 17 Mile Rd, Clinton Township, MI 48038
      View Details
    • $375,000
      2,430 SF

      Clinton Township Office/Retail Building

      Freestanding building with signage and recent HVAC upgrades for sale.
      36366 Groesbeck Ct, Clinton Township, MI 48035
      View Details
    • $575,000
      10,995 SF

      Former Gym in Clinton Township

      Former gym with open floor plan and ample parking.
      34736 S Gratiot Ave, Clinton Township, MI 48035
      View Details
    • $1,550,000
      6,655 SF

      Medical/General Office Building For Sale

      Stand-alone office building near hospitals with expansion potential.
      37244 S Groesbeck Ct, Clinton Township, MI 48036
      View Details
    • $649,900
      1,950 SF

      Profitable Liquor Store Business Opportunity

      Thriving liquor store business for sale in Clinton Township.
      39029 Moravian Dr, Clinton Township, MI 48036
      View Details
    • $1,150,000
      10,000 SF

      Industrial Property Near I-94

      Well-kept industrial building near I-94, suitable for owner occupant or investment.
      35075 Forton Ct, Clinton Township, MI 48035
      View Details

    FAQs

    What type of property is this?
    Industrial land - Large industrial land parcel, ideal for new development.
    Where is this industrial land located?
    The property is located at 23233 15 Mile Rd Clinton Township, MI.
    What are key features of this property?
    This property features: - Rare large parcel suitable for new development.; - Excellent industrial opportunity.; - Located just off I-94.
    Request Owner's contact information
    23233 15 Mile Rd Clinton Township, MI 48035
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23233 15 Mile Rd
    Clinton Township, MI 48035
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23233 15 Mile Rd Clinton Township, MI 48035
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joe Deponio Iii, Sior
    Real Estate License ID: 6506036870
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!