Renovated Retail Center For
37235-45 S Groesbeck Hwy, Clinton Twp, MI 48036
Fully renovated retail center with high occupancy and long-term investment potential.
Type:Retail
Property size:
14,000 SFPrice / SF:
$83/SF- Added:
- Oct 21, 2025
- Days on Market:
- 204
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 37235-45 S Groesbeck Hwy
General Information
- Standard status
- Active
- Size
- 14,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1976
Listing agent James Bufalino License #MI 6505382114
Listing office Premier Property Services
Listing date Oct 21, 2025
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 Premier Property Services
HighLights
- 90% occupancy achieved through strategic leasing to pandemic‑resilient, essential‑service businesses.
- Significant rental upside potential, with current leases at $12/SF/YR compared to market rates of $14–$24/SF/YR in the area.
- Comprehensive renovation completed to modern standards, including exterior improvements and interior renovations for each unit.
- Anchored by a diverse tenant mix of essential service businesses, including a Thai restaurant, pizzeria, banquet center, and medical bilingual services.
- Planned conversion of remaining vacancy into a coin laundry, a high‑demand, recession‑resistant amenity.
- Restaurant fixtures in units 37327 and 37241 are owned by the landlord.
Overview
The property at 37235 S Groesbeck Hwy, built in 1973, is a retail center that has been renovated to modern standards. The \u00b114,000 SF retail center had served the local community for decades. Following acquisition in August 2022, a comprehensive renovation strategy was implemented, including full exterior improvements such as a new fa\u00e7ade, signage, lighting, paint, mailboxes, and partial roof repair. Interior renovations covered each vacant unit with custom flooring, drywall, new doors and hardware, toilets, vanities, plumbing, electrical, ductwork cleaning, and HVAC certifications. City Certifications, Fire Department approvals, and Certificates of Occupancy were secured for each unit. The property was repositioned with pandemic-resilient, essential-service businesses. By January 2023, the property was 90% occupied. Restaurant fixtures in units 37327 and 37241 are owned by the landlord. The long-term vision is to hold the property within an investment portfolio, with consistent cash flow and appreciation driven by strategic leasing and capital improvements. It is anchored by essential service businesses such as a Thai restaurant, pizzeria, banquet center, multimedia company, furniture repair, and medical bi ling. The remaining vacancy is slated for conversion into a coin laundry. A long-term debt structure is planned to optimize cash flow by aligning monthly mortgage payments with stabilized rental income.
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Parkway Plaza — S Groesbeck Hwy, Clinton Twp, MI 48036
Location Insight
- Map
- Local Demand
- City
- Clinton Twp
- County
- Macomb
- State
- Michigan
- Longitude
- -82.909808
- Latitude
- 42.573155
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Fully renovated retail center with high occupancy and long-term investment potential.
Where is this shopping center located?
The property is located at 37235-45 S Groesbeck Hwy Clinton Twp, MI.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 90% occupancy achieved through strategic leasing to pandemic‑resilient, essential‑service businesses.; Significant rental upside potential, with current leases at $12/SF/YR compared to market rates of $14–$24/SF/YR in the area.; Comprehensive renovation completed to modern standards, including exterior improvements and interior renovations for each unit.
