37116 S Groesbeck Highway, Clinton Township, MI 48036
Fully operational restaurant on a sizable lot with ample parking and OS-1 Office/Service flexibility for future concepts.
- Added:
- Apr 29, 2026
- Days on Market:
- 54
- Last Refresh:
- Jun 20 at 6:37 am
Property Features for 37116 S Groesbeck Highway
General Information
- Standard status
- Active
- Size
- 3,693 SF
- Lot size
- 0.73 Acres
- Property subtype
- Business for Sale, Retail, Office
Building Details
- Year Built
- 1972
Listing agent Nicholas Sinishtaj License #414648
Listing office Diplomat Realty
Listing date Apr 29, 2026
Source Crexi
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
HighLights
- Zorba’s Family Restaurant is fully operational with a built‑in customer base.
- 3,693 SF restaurant on a 0.73‑acre lot with ample on‑site parking.
- Year built: 1972.
- Zoned OS‑1 Office/Service Low‑Rise District with flexibility for restaurant or carry‑out, catering hall, medical/professional office, or retail.
- Existing layout supports continued restaurant operations, catering, or banquet use.
- Outdoor seating, expansion, or redevelopment potential based on the site size and visibility.
Overview
Located along the high-traffic Groesbeck corridor in Clinton Township, the property benefits from strong day-to-day visibility associated with a major commuting route. The combination of a dedicated restaurant facility, on-site parking, and the site’s size positions it well for both continued food service operations and alternative commercial uses.
The property is zoned OS-1 Office/Service Low-Rise District, which supports a broad range of potential tenant or user applications. In addition to restaurant or carry-out use, the zoning accommodates concepts such as catering hall, medical or professional office, and retail, along with other service and mixed-use options consistent with OS-1. For a buyer or owner-user, it offers immediate restaurant continuity while also providing flexibility for a future change of use if desired.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Clinton Township
- County
- Macomb
- State
- Michigan
- Longitude
- -82.910377
- Latitude
- 42.570698
