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    Gratiot Avenue Automotive Property Title is generated by Realmo AI

    34381 S Gratiot Avenue, Clinton Township, MI 48035

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    For Sale
    $1,500,000

    Automotive property with frontage on Gratiot Avenue.

    Type:Commercial/Industrial
    Property size:
    17,500 SF
    Lot size:
    2.30 Acres
    Price / SF:
    $85/SF
    Added:
    Mar 11, 2026
    Days on Market:
    118
    Last Refresh:
    Apr 5 at 8:53 pm

    Property Features for 34381 S Gratiot Avenue

    General Information

    Standard status
    Active
    Size
    17,500 SF
    Lot size
    2.30 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2010

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    Alexander Termini

    Listing office Pilot Property Group - Residential LLC

    Listing date Mar 11, 2026

    Source Exitrealty

    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 Pilot Property Group - Residential LLC

    HighLights

    • Great frontage off Gratiot Avenue
    • Down Draft exhaust for a paint booth
    • Welding room with exhaust
    • Multiple spots for car lifts
    • Built in 2010
    • Ideal for automotive or industrial use

    Overview

    This automotive property features frontage on Gratiot Avenue. The property includes a down draft exhaust system suitable for a paint booth and a welding room equipped with its own exhaust system. The layout incorporates multiple spots designed for car lifts. The building size is 17500 square feet and is suitable for auto shops, automotive properties, and retail spaces.

    Local Financial Insights For Retail

    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 $210.0k $12.00
    − Vacancy −$25.2k −$1.44
    EGI $184.8k $10.56
    − OpEx −$55.4k −$3.17
    NOI $129.4k $7.39
    17,500 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.85M
    $1.62M – $2.16M (±1% cap)
    NOI $129,360 @ 7.0% cap · market cap 8.62%
    Second Best
    Industrial
    $1.35M
    $1.18M – $1.57M (±1% cap)
    NOI $94,362 @ 7.0% cap · market cap 6.29%
    Theoretical Best
    Specialty Retail
    $3.28M
    $2.87M – $3.82M (±1% cap)
    NOI $229,340 @ 7.0% cap · market cap 15.29%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

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

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

    Similar Places Nearby

    • Uncle Ed's Oil Shoppe — 33401 Gratiot Ave, Clinton Twp, MI 48035
    • Somerville Automotive — 33216 Southbound Gratiot Ave, Clinton Twp, MI 48035
    • The Collision Shop — 33457 Southbound Gratiot Ave, Clinton Twp, MI 48035
    • Detroit Hot Wheel City — 33925 Gratiot Ave, Clinton Twp, MI 48035
    • Nice Guy Transmission — 34410 Southbound Gratiot Ave, Clinton Twp, MI 48035

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9033
    Latitude
    42.5489

    FAQs

    What type of property is this?
    Auto shop - Automotive property with frontage on Gratiot Avenue.
    Where is this auto shop located?
    The property is located at 34381 S Gratiot Avenue Clinton Township, MI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Great frontage off Gratiot Avenue; Down Draft exhaust for a paint booth; Welding room with exhaust
    More about this property
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