Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    37187 S Groesbeck Hwy Clinton Township Clinton Township, MI 48036

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail space available in newly renovated Parkway Plaza shopping center.

    Type:Retail
    Property size:
    150 SF
    Added:
    Sep 12, 2025
    Days on Market:
    204
    Last Refresh:
    Apr 1 at 10:16 pm

    Property Features for 37187 S Groesbeck Hwy Clinton Township

    General Information

    Standard status
    Active
    Size
    150 SF
    Property subtype
    Retail

    Properties For Sale

    at 37187 S Groesbeck Hwy Clinton Township Contact us

    We can help!

    Listing Contact
    Karen Gargaro

    Listing agent Karen Gargaro

    Listing office Mid America Real Estate - Michigan Inc

    Listing date Sep 12, 2025

    Source Midamericagrp

    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 Mid America Real Estate - Michigan Inc

    Overview

    Updated Parkway Plaza Retail Opportunity

    Located within the newly updated and completely renovated Parkway Plaza, this retail space presents an opportunity for various business types. The plaza is home to Fun City Adventure Park, Family Dollar/Dollar Tree, Sterling Gymnastics, and Sew Many Things. The property, with a size of 150 square feet, is suitable for fitness, medical, food, and hardware businesses, among other potential users.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Ingleside Center — 37561 Southbound Gratiot Ave, Clinton Twp, MI 48036
    • Parkway Plaza — S Groesbeck Hwy, Clinton Twp, MI 48036

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9104
    Latitude
    42.5727

    Nearby Similar for Sale

    • $1,650,000
      14,807 SF

      Versatile Industrial Flex Facility

      14,807 SF industrial flex facility on 1.89 acres.
      44595 Enterprise Drive, Clinton Township, MI 48038
      View Details
    • $575,000
      10,995 SF

      Former Gym in Clinton Township

      Former gym with open floor plan and ample parking.
      34736 S Gratiot, Clinton Township, MI 48035
      View Details
    • $249,000
      3,640 SF

      Established Cake Decorating Supply Business

      Long-standing cake decorating supply business with classroom and kitchen.
      44885 Morley, Clinton Township, MI 48036
      View Details
    • $30,000
      3,200 SF

      Established Restaurant Business Opportunity

      Turnkey restaurant business for sale in high-traffic Clinton Township.
      34380 Harper Avenue, Clinton Township, MI 48035
      View Details
    • $1,550,000
      6,655 SF

      Medical/General Office Building For Sale

      Stand-alone office building near hospitals with expansion potential.
      37244 S Groesbeck, Clinton Township, MI 48036
      View Details
    • $1,400,000
      9,755 SF

      Commercial/Industrial Building in Clinton Township

      Multi-use commercial building with high traffic and ample parking.
      35850 Utica, Clinton Township, MI 48035
      View Details
    • $649,900
      1,950 SF

      Profitable Liquor Store Business Opportunity

      Thriving liquor store business for sale in Clinton Township.
      39029 MORAVIAN Drive, Clinton Township, MI 48036
      View Details
    • $100,000
      1,200 SF

      Established Pizzeria and Deli Business

      Well-established pizzeria and deli business opportunity in Clinton Township, MI.
      36450 Moravian Drive, Clinton Township, MI 48035
      View Details
    • $1,150,000
      10,000 SF

      Industrial Property Near I-94

      Well-kept industrial building near I-94, suitable for owner occupant or investment.
      35075 Forton, Clinton Township, MI 48035
      View Details
    • $350,000
      2,798 SF

      Commercial Property on Garfield Frontage

      Commercial/Industrial property with frontage on Garfield in Clinton Township.
      42550 Garfield, Clinton Township, MI 48038
      View Details
    • $45,000
      60,000 SF

      Clinton Township Business Opportunity

      Business opportunity in Clinton Township, Michigan, with Detroit theme.
      37051 Gratiot, Clinton Township, MI 48036
      View Details
    • $185,000
      1,640 SF

      Clinton Township Duplex For Sale

      Two-unit duplex with separate entrances and long-term tenant.
      20471 Nicke, Clinton Township, MI 48035
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in newly renovated Parkway Plaza shopping center.
    Where is this shopping center located?
    The property is located at 37187 S Groesbeck Hwy Clinton Township Clinton Township, MI.
    What are key features of this property?
    This property features: Newly updated and completely renovated Parkway Plaza.; Great opportunity for various business types.; Opportunity for fitness, medical, food, hardware, among other users.
    (248) 855-6800
    We can help!
    Listing Contact
    Karen Gargaro
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!