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    Mount Clemens Mixed-Use Office Space Title is generated by Realmo AI

    311 SOUTHBOUND GRATIOT Ave Suite "A", Mount Clemens, MI 48043

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    For Lease
    $700 /Mo

    Mixed-use commercial and office space with high traffic exposure.

    Type:Commercial
    Added:
    Apr 15, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 12 at 5:41 am

    Property Features for 311 SOUTHBOUND GRATIOT Ave Suite "A"

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1983

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    Listing Contact
    Greg Gagnon

    Listing agent Greg Gagnon License #6502395962

    Listing office 1st Choice Realty & Prop Mgmt

    Listing date Apr 15, 2026

    Source Elliman

    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 1st Choice Realty & Prop Mgmt

    HighLights

    • High‑traffic location south of Downtown Mt. Clemens offers excellent business exposure.
    • Mixed‑use commercial and office space suitable for various professional services.
    • Utilities, interior common area maintenance, and snow removal included in rent.
    • On‑site tenant and customer parking available.
    • Updated common bathrooms and hallway, newer carpeting, and fresh paint.
    • Convenient access to I‑94.

    Overview

    This mixed-use commercial and office space is located just south of Downtown Mt. Clemens, offering great exposure with heavy traffic. The location is ideal for professionals such as attorneys, accountants, and financial planners. On-site parking is available for tenants and customers. Suite "A" features three office spaces: a 19'x14' front office, an 11.5'x9' second office, and a 10'x9.5' third office. Each office space includes windows with blinds. The suite has newer carpeting and fresh paint. Common bathrooms and hallways are updated. The landlord covers utilities, interior common area maintenance, and parking lot snow removal. Tenant pole signage is available for business names. The property is located minutes from I-94. The bike score is 47, indicating it is somewhat bikeable, and the walk score is 44, indicating car-dependence.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Clemens
    County
    Macomb
    State
    Michigan
    Longitude
    -82.882649
    Latitude
    42.585698

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use commercial and office space with high traffic exposure.
    Where is this mixed-use property located?
    The property is located at 311 SOUTHBOUND GRATIOT Ave Suite "A" Mount Clemens, MI.
    What is the lease rate?
    The lease rate is $700 /Mo.
    What are key features of this property?
    This property features: High‑traffic location south of Downtown Mt. Clemens offers excellent business exposure.; Mixed‑use commercial and office space suitable for various professional services.; Utilities, interior common area maintenance, and snow removal included in rent.
    (586) 419-9900
    We can help!
    Listing Contact
    Greg Gagnon
    Real Estate License ID: 6502395962
    Learn More
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    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
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    311 SOUTHBOUND GRATIOT Ave Suite "A", Mount Clemens, MI 48043
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