Mount Clemens Professional Office
For Sale
$289,000
253 Southbound Gratiot Ave, Mount Clemens, MI 48043
Versatile professional office building on Gratiot Avenue for sale.
Property Size3,298 SF
Price / SF$87.63
Days on Market221
Property Features for 253 Southbound Gratiot Ave
General Information
Standard status
Active
Size
3,298 SF
Property subtype
Office
Zoning
MU
Building Details
Building Size
3,298 SF
Year Built
1956
Stories
2
Listing Agency:
Anton, Sowerby & Associates, Inc.
Listed By:
Susan Blanchard · License #6501370698
(586) 918-1956
Source:
Cpix.resimplifi
Added: Feb 27
Changed: Sep 13
Last Checked: Oct 5 at 3:22PM
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 Anton, Sowerby & Associates, Inc.
Investment Insights
Based on property information with market context.
A 3,298 square foot professional office building is available for sale in Mount Clemens. The property is located on South Gratiot Avenue. It is suitable for medical office users, dental practices, or businesses seeking professional office space. The building features two separately metered floors of 1,649 square feet each, providing flexibility for various configurations, including owner-user, multi-tenant investment, or a hybrid setup. The first floor features 12-foot ceilings and a dental office build-out with a compressor, and plumbing for exam rooms. On-site parking is available. The location offers access to the SMART bus route and convenient entry from both northbound and southbound Gratiot. The MU zoning allows for expanded potential uses. The property is positioned for professionals looking to establish or expand their presence in Macomb County.
Key Highlights
- Prime location on highly traveled S. Gratiot Avenue commercial corridor offering strong visibility and accessibility.
- Versatile property suitable for medical, dental, or professional office use with immediate occupancy.
- Two separately metered floors (1,649 SF each) providing flexibility for owner‑user, multi‑tenant investment, or hybrid configuration.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,353
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,060
$227.1K
Cap Rate 7%
$162,186
$162.2K
Cap Rate 9%
$126,144
$126.1K
Market Conditions
NOI Build-Up for 3,298 SF
Gross rent
$19.8K $6.00/SF
− Vacancy
−$4.7K −$1.41/SF
EGI
$15.1K $4.59/SF
− OpEx
−$3.8K −$1.15/SF
NOI
$11.4K $3.44/SF
Area
Macomb County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,060
Cap Rate 7%
$162,186
Cap Rate 9%
$126,144
Alternative Uses
Best Use
Healthcare Medical
$494.0K
$432.2K – $576.3K
NOI $34,577 @ 7.0% cap · market cap 11.96%
Second Best
Office B
$162.2K
$141.9K – $189.2K
NOI $11,353 @ 7.0% cap · market cap 3.93%
Theoretical Best
Specialty Retail
$617.4K
$540.3K – $720.4K
NOI $43,221 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48043, MI
15,665
Population
7,059
Households
2.2
Avg Household Size
41
Median Age
18%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
3,821
Density / Sq Mi
$57,315
Median Household Income
$37,683
Median Earnings
$896
Median Rent
$169,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Versatile professional office building on Gratiot Avenue for sale.
Where is this medical office space located?
The property is located at 253 Southbound Gratiot Ave Mount Clemens, MI.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Prime location on highly traveled S. Gratiot Avenue commercial corridor offering strong visibility and accessibility.; Versatile property suitable for medical, dental, or professional office use with immediate occupancy.; Two separately metered floors (1,649 SF each) providing flexibility for owner‑user, multi‑tenant investment, or hybrid configuration.
