Former Drive-Through
35134 Groesbeck Hwy, Clinton Township, MI 48035
For Sale
Contact for pricing
Vacant QSR improvements include a drive-thru lane, pylon signage, and a large parking lot.
Property Size2,918 SF
Price / SF$411.24
Days on Market103
Property Features for 35134 Groesbeck Hwy
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Drive-Thru
Pylon Signage
Traffic Count
Road Access
Building Details
Year Built
Buildings
Listing Agency:
SRS Real Estate Partners - Global Company
Listed By:
Nick Santagata · License MI #10401382020
(929) 594-2946
Source:
Crexi
Added: Aug 4
Changed: Oct 29
Last Checked: Nov 12 at 8:06AM
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 SRS Real Estate Partners - Global Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This vacant former quick service restaurant includes an existing drive-thru lane, pylon signage, and a large parking lot. Built in 1999, the property is zoned General Business (B-3), with existing restaurant improvements suited to re-occupancy or repositioning within the same commercial category.
The site fronts Groesbeck Highway in Clinton Township, immediately north of the signalized Groesbeck Highway and 15 Mile Road intersection. Groesbeck Highway carries approximately 28,300 vehicles per day, while the nearby intersection reports 24,300 VPD. The property is situated among McDonald's, Wendy's, Burger King, KFC, and Taco Bell, with Walgreens, Harbor Freight, Dollar General, and Clinton Pointe nearby. The 5-mile trade area includes 281,731 residents and 83,952 employees, with an average household income of $94,152.
The site fronts Groesbeck Highway in Clinton Township, immediately north of the signalized Groesbeck Highway and 15 Mile Road intersection. Groesbeck Highway carries approximately 28,300 vehicles per day, while the nearby intersection reports 24,300 VPD. The property is situated among McDonald's, Wendy's, Burger King, KFC, and Taco Bell, with Walgreens, Harbor Freight, Dollar General, and Clinton Pointe nearby. The 5-mile trade area includes 281,731 residents and 83,952 employees, with an average household income of $94,152.
Key Highlights
- Existing drive‑thru lane, pylon signage, and large parking lot
- General Business (B‑3) zoning
- Frontage along Groesbeck Highway in Clinton Township
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,241
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,820
$764.8K
Cap Rate 7%
$546,300
$546.3K
Cap Rate 9%
$424,900
$424.9K
Market Conditions
NOI Build-Up for 2,918 SF
Gross rent
$57.8K $19.80/SF
− Vacancy
−$6.8K −$2.33/SF
EGI
$51.0K $17.47/SF
− OpEx
−$12.7K −$4.37/SF
NOI
$38.2K $13.11/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,820
Cap Rate 7%
$546,300
Cap Rate 9%
$424,900
Alternative Uses
Best Use
Specialty Retail
$546.3K
$478.0K – $637.4K
NOI $38,241 @ 7.0% cap · market cap 3.19%
Second Best
Retail
$308.1K
$269.6K – $359.5K
NOI $21,570 @ 7.0% cap · market cap 1.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
28,300 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
111k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 29%
Home Improvements & Furnishings 11%
McDonald's
Dining
22,510 visits/mo
0.1 miles
Wendy's
Dining
12,116 visits/mo
0.1 miles
Harbor Freight Tools
Home Improvements & Furnishings
11,232 visits/mo
0.2 miles
Taco Bell
Dining
10,061 visits/mo
0.4 miles
Speedway
Shops & Services
9,780 visits/mo
0.4 miles
Demographics for 48035, MI
34,018
Population
15,615
Households
2.2
Avg Household Size
40
Median Age
20%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
3,866
Density / Sq Mi
$69,245
Median Household Income
$41,167
Median Earnings
$1,111
Median Rent
$181,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Vacant QSR improvements include a drive-thru lane, pylon signage, and a large parking lot.
Where is this drive through restaurant located?
The property is located at 35134 Groesbeck Hwy Clinton Township, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Existing drive‑thru lane, pylon signage, and large parking lot; General Business (B‑3) zoning; Frontage along Groesbeck Highway in Clinton Township
