Corner Retail
For Sale
Contact for pricing
35192-35220 Gratiot Ave, Clinton Township, MI 48035
B-3-zoned premises are positioned across from Lowe’s, Sherwin-Williams, and Meijer.
Property Size89,760 SF
Price / SF$0.00
Days on Market70
Property Features for 35192-35220 Gratiot Ave
General Information
Standard status
Active
Size
89,760 SF
Property subtype
Retail
Zoning
B-3
Additional Details
Corner Location
Yes
Building Details
Building Size
89,760 SF
Listing Agency:
Friedman Integrated Real Estate
Listed By:
Alan Stern · License #101010
(248) 330-8339
Source:
Cpix.resimplifi
Added: Aug 17
Changed: Oct 24
Last Checked: Oct 24 at 3:14PM
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 Friedman Integrated Real Estate
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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.
Retail space totaling 89,760 square feet is available at 35192–35220 Gratiot Ave in Clinton Township. The space can be divided, offering flexibility in suite size. The property carries B-3 zoning.
The site occupies the northeast corner of Gratiot Avenue and 15 Mile. Lowe’s, Sherwin-Williams, and Meijer are across the street. Within three miles, average household income is reported at $75,000.
The site occupies the northeast corner of Gratiot Avenue and 15 Mile. Lowe’s, Sherwin-Williams, and Meijer are across the street. Within three miles, average household income is reported at $75,000.
Key Highlights
- 89,760 square feet of retail space available
- Space can be divided
- Northeast corner of Gratiot Avenue and 15 Mile
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$663,506
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,270,120
$13.3M
Cap Rate 7%
$9,478,657
$9.5M
Cap Rate 9%
$7,372,289
$7.4M
Market Conditions
NOI Build-Up for 89,760 SF
Gross rent
$1.08M $12.00/SF
− Vacancy
−$129.3K −$1.44/SF
EGI
$947.9K $10.56/SF
− OpEx
−$284.4K −$3.17/SF
NOI
$663.5K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,270,120
Cap Rate 7%
$9,478,657
Cap Rate 9%
$7,372,289
Alternative Uses
Best Use
Retail
$9.48M
$8.29M – $11.06M
NOI $663,506 @ 7.0% cap · market cap 8,293,825.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$16.80M
$14.70M – $19.61M
NOI $1,176,316 @ 7.0% cap · market cap 14,703,950.00%
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
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
133k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 28%
Leisure 18%
Superstores 16%
Groceries 15%
Lowe's
Home Improvements & Furnishings
36,161 visits/mo
0.2 miles
AMC Gratiot 21
Leisure
24,516 visits/mo
0.3 miles
Big Lots
Superstores
21,686 visits/mo
0.2 miles
Gordon Food Service
Groceries
20,059 visits/mo
0.5 miles
Starbucks
Dining
16,636 visits/mo
0.1 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?
Retail space - B-3-zoned premises are positioned across from Lowe’s, Sherwin-Williams, and Meijer.
Where is this retail space located?
The property is located at 35192-35220 Gratiot Ave Clinton Township, MI.
What are key features of this property?
This property features: 89,760 square feet of retail space available; Space can be divided; Northeast corner of Gratiot Avenue and 15 Mile
