Turnkey Restaurant with Ample
For Sale
$780,000
37116 S Groesbeck Highway, Clinton Twp, MI 48036
Fully operational restaurant property on the Groesbeck corridor with ample on-site parking and an existing layout for continued operations.
Property Size3,693 SF
Lot Size0.73 Acres
Price / SF$211.21
Days on Market11
Property Features for 37116 S Groesbeck Highway
General Information
Standard status
Active
Size
3,693 SF
Lot size
0.73 Acres
Property subtype
Commercial
Zoning
OS-1
Additional Details
Business Included
Yes
Building Details
Building Size
3,693 SF
Year Built
1972
Listing Agency:
Diplomat Realty
(586) 453-3533
Listed By:
Nicholas Sinishtaj · License #6501414648
Source:
Thebrokeragehouse
Added: Jul 26
Changed: Jul 27
Last Checked: Aug 5 at 1:19PM
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 Diplomat Realty
Investment Insights
Based on property information with market context.
This property is offered as a fully operational, turnkey restaurant site featuring the existing Zorba's Family Restaurant concept. The building comprises 3,693 square feet and is set on a 0.73-acre lot with ample on-site parking. The current layout supports continued restaurant operations, as well as catering or banquet use.
Located along the high-traffic Groesbeck corridor in Clinton Township, the property provides visibility within a commercial area. The site’s size and configuration also allow for outdoor seating and other potential redevelopment considerations.
Zoned OS-1 Office/Service Low-Rise District, the property is described as flexible for multiple commercial uses, including restaurant or carry-out, catering hall, medical or professional office, and retail, along with service and mixed-use concepts accommodated by the zoning.
Located along the high-traffic Groesbeck corridor in Clinton Township, the property provides visibility within a commercial area. The site’s size and configuration also allow for outdoor seating and other potential redevelopment considerations.
Zoned OS-1 Office/Service Low-Rise District, the property is described as flexible for multiple commercial uses, including restaurant or carry-out, catering hall, medical or professional office, and retail, along with service and mixed-use concepts accommodated by the zoning.
Key Highlights
- Fully operational Zorba's Family Restaurant with an existing layout supporting continued restaurant, catering, or banquet use.
- 3,693 SF restaurant property on a 0.73‑acre lot along the high‑traffic Groesbeck corridor in Clinton Township.
- Zoned OS‑1 Office/Service Low‑Rise District, offering flexibility for restaurant/carry‑out, catering hall, medical/professional office, and retail.
Financial Insights For Specialty 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 | $73.1k | $19.80 |
| − Vacancy | −$8.6k | −$2.33 |
| EGI | $64.5k | $17.47 |
| − OpEx | −$16.1k | −$4.37 |
| NOI | $48.4k | $13.11 |
3,693 SF · lease $19.80/SF/yr · vacancy 11.75% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$691.4K
$605.0K – $806.6K
NOI $48,397 @ 7.0% cap · market cap 6.20%
Second Best
Healthcare Medical
$553.1K
$484.0K – $645.3K
NOI $38,718 @ 7.0% cap · market cap 4.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48036, MI
22,517
Population
9,855
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
8.3 sq mi
ZIP Area
2,713
Density / Sq Mi
$65,109
Median Household Income
$36,730
Median Earnings
$1,018
Median Rent
$201,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully operational restaurant property on the Groesbeck corridor with ample on-site parking and an existing layout for continued operations.
Where is this conventional restaurant located?
The property is located at 37116 S Groesbeck Highway Clinton Twp, MI.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Fully operational Zorba's Family Restaurant with an existing layout supporting continued restaurant, catering, or banquet use.; 3,693 SF restaurant property on a 0.73‑acre lot along the high‑traffic Groesbeck corridor in Clinton Township.; Zoned OS‑1 Office/Service Low‑Rise District, offering flexibility for restaurant/carry‑out, catering hall, medical/professional office, and retail.
