Multi-Tenant Industrial
For Sale
$1,500,000
36425 Groesbeck, Clinton Township, MI
A continuing tenancy is complemented by two additional spaces, with commercial and industrial zoning.
Property Size18,081 SF
Lot Size1.24 Acres
Price / SF$82.96
Days on Market107
Property Features for 36425 Groesbeck
General Information
Standard status
Active
Size
18,081 SF
Lot size
1.24 Acres
Property subtype
Commercial/Industrial
Zoning
Commercial,Industrial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Tenant in Place
Yes
Property Use
Light Industrial
Building Details
Year Built
1978
Buildings
1
Building Size
18,081 SF
Construction
block
Listing Agency:
Community Choice Realty Inc
(248) 729-0011
Listed By:
Gary Solomon · License #6501361809
(586) 879-7680
Source:
Jabachler
Added: Jul 16
Changed: Oct 27
Last Checked: Oct 27 at 3:37AM
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 Community Choice Realty Inc
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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 18,081-square-foot industrial building occupies a 1.24-acre parcel and was constructed in 1978 with block walls. One long-term tenant is in place, and two further units measure approximately 3,000 square feet apiece. The property has public water and sewer connections, paved alley access, and commercial and industrial zoning.
Located on Groesbeck in Clinton Township, the site is south of 16 Mile Road. The combination of existing tenancy and additional units provides a multi-space configuration within the building.
Located on Groesbeck in Clinton Township, the site is south of 16 Mile Road. The combination of existing tenancy and additional units provides a multi-space configuration within the building.
Key Highlights
- 18,081‑square‑foot industrial building on 1.24 acres
- One long‑term tenant in place, plus two additional units of approximately 3,000 square feet each
- Built in 1978 with block construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,495
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,949,900
$1.9M
Cap Rate 7%
$1,392,786
$1.4M
Cap Rate 9%
$1,083,278
$1.1M
Market Conditions
NOI Build-Up for 18,081 SF
Gross rent
$147.5K $8.16/SF
− Vacancy
−$8.3K −$0.46/SF
EGI
$139.3K $7.70/SF
− OpEx
−$41.8K −$2.31/SF
NOI
$97.5K $5.39/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,949,900
Cap Rate 7%
$1,392,786
Cap Rate 9%
$1,083,278
Alternative Uses
Best Use
Industrial
$1.39M
$1.22M – $1.62M
NOI $97,495 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.39M
$2.96M – $3.95M
NOI $236,954 @ 7.0% cap · market cap 15.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - A continuing tenancy is complemented by two additional spaces, with commercial and industrial zoning.
Where is this industrial property located?
The property is located at 36425 Groesbeck 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: 18,081‑square‑foot industrial building on 1.24 acres; One long‑term tenant in place, plus two additional units of approximately 3,000 square feet each; Built in 1978 with block construction
