Freestanding Mixed-Use
For Sale
$359,900
36366 Groesbeck, Clinton Township, MI 48035
Office and retail uses are combined in a standalone commercial building with prominent pole signage.
Property Size2,430 SF
Price / SF$148.11
Days on Market65
Property Features for 36366 Groesbeck
General Information
Standard status
Active
Size
2,430 SF
Site & Location
Pylon Signage
Yes
Highway Access
Yes
Amenities
Large pole signage
Building Details
Year Built
1969
Buildings
1
Listing Agency:
Pilot Property Group - Residential LLC
Listed By:
Anthony Rubino · License #6502425251
(586) 873-5419
Source:
Sellinghomesinmichigan
Added: Aug 12
Changed: Oct 12
Last Checked: Oct 5 at 8:40PM
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
Investment Insights
Based on property information with market context.
This freestanding mixed-use property combines office and retail functionality within a 2,430-square-foot commercial building on a parcel measuring just over half an acre. The property includes large pole signage, supporting identification from the surrounding roadway. Building systems include an HVAC replacement completed in 2020 and a new hot water tank installed in 2021.
The property is located at 36366 Groesbeck in Clinton Township, Michigan, with access to Metropolitan Parkway, also identified as 16 Mile Rd, and I-94. Its office-and-retail configuration provides a practical format for commercial occupancy requiring both customer-facing and administrative space.
The property is located at 36366 Groesbeck in Clinton Township, Michigan, with access to Metropolitan Parkway, also identified as 16 Mile Rd, and I-94. Its office-and-retail configuration provides a practical format for commercial occupancy requiring both customer-facing and administrative space.
Key Highlights
- 2,430‑square‑foot freestanding office and retail building
- Parcel measuring just over half an acre
- Large pole signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,868
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,360
$577.4K
Cap Rate 7%
$412,400
$412.4K
Cap Rate 9%
$320,756
$320.8K
Market Conditions
NOI Build-Up for 2,430 SF
Gross rent
$52.5K $21.60/SF
− Vacancy
−$6.3K −$2.59/SF
EGI
$46.2K $19.01/SF
− OpEx
−$17.3K −$7.13/SF
NOI
$28.9K $11.88/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,360
Cap Rate 7%
$412,400
Cap Rate 9%
$320,756
Alternative Uses
Best Use
Mixed Use
$412.4K
$360.9K – $481.1K
NOI $28,868 @ 7.0% cap · market cap 8.02%
Second Best
Retail
$256.6K
$224.5K – $299.4K
NOI $17,963 @ 7.0% cap · market cap 4.99%
Theoretical Best
Specialty Retail
$454.9K
$398.1K – $530.8K
NOI $31,845 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and retail uses are combined in a standalone commercial building with prominent pole signage.
Where is this mixed-use property located?
The property is located at 36366 Groesbeck Clinton Township, MI.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 2,430‑square‑foot freestanding office and retail building; Parcel measuring just over half an acre; Large pole signage
