Freestanding Office/Retail
36366 Groesbeck Highway Clinton Township, MI 48035
36366 Groesbeck Highway, Clinton Township, MI, 48035
$375,000
For Sale
$375,000
COMMERCIAL - Clinton Township, MI
Property Size2,430 SF
Lot Size0.57 Acres
Price / SF$154.32
Days on Market643
Property Features for 36366 Groesbeck Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 16-11-28-276-007
- Size
- 2,430 SF
- Lot size
- 0.57 Acres
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1969
Listing agency
Pilot Property Group - Residential LLC
(586) 254-0900
Listed by
Anthony Rubino · License #6502425251
(586) 873-5419
Added: Oct 18, 2024 Updated: Jun 3 at 5:41PM Checked: Jul 22 at 3:06AM
MLS# 50158708
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Investment Insights
Based on property information with market context.
This freestanding office/retail building sits on a little over a half-acre parcel and is offered with a compact, straightforward footprint of 2,430 square feet. The property features large pole signage and has had key mechanical updates, including a new HVAC system installed in 2020 and a new hot water tank installed in 2021, supporting dependable day-to-day building operations.
The building is located at 36366 Groesbeck Highway in Clinton Township, Macomb County, MI. Access is described as easy to Metropolitan Parkway (16 Mile Rd) and I-94, which can help support convenient customer and staff travel.
For tenants, buyers, and operators seeking a freestanding building that can function as either office space or retail space, the existing configuration may offer flexibility without the constraints of a multi-tenant setting. The combination of visible pole signage and recent HVAC and hot water improvements can also be practical for users looking to minimize near-term building systems issues.
The building is located at 36366 Groesbeck Highway in Clinton Township, Macomb County, MI. Access is described as easy to Metropolitan Parkway (16 Mile Rd) and I-94, which can help support convenient customer and staff travel.
For tenants, buyers, and operators seeking a freestanding building that can function as either office space or retail space, the existing configuration may offer flexibility without the constraints of a multi-tenant setting. The combination of visible pole signage and recent HVAC and hot water improvements can also be practical for users looking to minimize near-term building systems issues.
Key Highlights
- Freestanding office/retail building on just over a half‑acre parcel
- Large pole signage
- New HVAC installed in 2020
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 | $29.2k | $12.00 |
| − Vacancy | −$3.5k | −$1.44 |
| EGI | $25.7k | $10.56 |
| − OpEx | −$7.7k | −$3.17 |
| NOI | $18.0k | $7.39 |
2,430 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$256.6K
$224.5K – $299.4K
NOI $17,963 @ 7.0% cap · market cap 4.79%
Second Best
Office B
$119.5K
$104.6K – $139.4K
NOI $8,365 @ 7.0% cap · market cap 2.23%
Theoretical Best
Specialty Retail
$454.9K
$398.1K – $530.8K
NOI $31,845 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Freestanding office/retail building with large pole signage and recent HVAC and hot water upgrades.
Where is this office building located?
The property is located at 36366 Groesbeck Highway Clinton Township, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Freestanding office/retail building on just over a half‑acre parcel; Large pole signage; New HVAC installed in 2020
