Mount Clemens Professional Office
For Sale
Contact for pricing
253 Southbound Gratiot Ave, Mount Clemens, MI 48043
Versatile professional office building on Gratiot Avenue for sale.
Property Size3,298 SF
Price / SF$105.82
Days on Market174
Property Features for 253 Southbound Gratiot Ave
General Information
Standard status
Active
Size
3,298 SF
Property subtype
Office
Zoning
MU
Building Details
Year Built
1956
Buildings
1
Stories
2
Listing Agency:
Anton, Sowerby & Associates
(586) 469-8888
Listed By:
Susan Blanchard · License #MI 6501370698
Source:
Crexi
Added: Feb 28
Changed: Aug 12
Last Checked: Aug 17 at 4:50AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,353
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 9.91%
Second Best
Office B
$162.2K
$141.9K – $189.2K
NOI $11,353 @ 7.0% cap · market cap 3.25%
Theoretical Best
Specialty Retail
$617.4K
$540.3K – $720.4K
NOI $43,221 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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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 $349,000.
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.
