Office Building with Ample
289 Southbound Gratiot Road Mount Clemens, MI 48043
289 Southbound Gratiot Road, Mount Clemens, MI, 48043
$225,000
For Sale
$225,000
COMMERCIAL - Mount Clemens, MI
Property Size2,000 SF
Lot Size0.29 Acres
Price / SF$112.50
Days on Market667
Property Features for 289 Southbound Gratiot Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 05-11-14-379-013
- Size
- 2,000 SF
- Lot size
- 0.29 Acres
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1965
- Roof type
- Shingle
Listing Agency
Pilot Property Group - Residential LLC
(586) 254-0900
38600 Van Dyke Ste 325, Shelby Twp, MI
Listed by
Anthony Rubino · License #6502425251
(586) 873-5419
Added: Sep 23, 2024 Updated: Jun 3 at 5:40 pm Checked: Jul 21 at 1:06 am
MLS# 50156196
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Investment Insights
Based on property information with market context.
This offering is a single office investment property with recent building rehabilitation and ample on-site parking. The property is sized at 2,000 square feet and sits on a 0.29-acre lot, providing a compact footprint for an office-oriented use.
The building is located at 289 Southbound Gratiot Road in Mount Clemens, Michigan (48043). Access is described as easy to both southbound and northbound Gratiot, which can support convenient visits for employees and clients.
For buyers seeking a straightforward office asset, the combination of a small, manageable size and on-site parking may be useful for an owner-occupant or a single-tenant office setup. Recent rehab work suggests the building has received attention, while the location along Gratiot may support regular access needs tied to office operations.
The building is located at 289 Southbound Gratiot Road in Mount Clemens, Michigan (48043). Access is described as easy to both southbound and northbound Gratiot, which can support convenient visits for employees and clients.
For buyers seeking a straightforward office asset, the combination of a small, manageable size and on-site parking may be useful for an owner-occupant or a single-tenant office setup. Recent rehab work suggests the building has received attention, while the location along Gratiot may support regular access needs tied to office operations.
Key Highlights
- Single office investment property
- Year built 1965
- Forced air heating
Local Financial Insights For Office B
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 | $12.0k | $6.00 |
| − Vacancy | −$2.8k | −$1.41 |
| EGI | $9.2k | $4.59 |
| − OpEx | −$2.3k | −$1.15 |
| NOI | $6.9k | $3.44 |
2,000 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$98.4K
$86.1K – $114.8K
NOI $6,885 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$374.4K
$327.6K – $436.8K
NOI $26,210 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - A recently rehabbed office building offering ample parking and easy access to both directions of Gratiot.
Where is this office building located?
The property is located at 289 Southbound Gratiot Road Mount Clemens, MI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Single office investment property; Year built 1965; Forced air heating
