Stand-Alone Medical/Office
37244 S Groesbeck Highway Clinton Township, MI 48036
37244 S Groesbeck Highway, Clinton Township, MI, 48036
$1,299,900
For Sale
$1,299,900
COMMERCIAL - Clinton Township, MI
Property Size6,655 SF
Lot Size1.10 Acres
Price / SF$195.33
Days on Market76
Property Features for 37244 S Groesbeck Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 1915-37244-00-1
- Size
- 6,655 SF
- Lot size
- 1.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 27298
Utilities
- Water source
- Public
Building Details
- Year built
- 1972
- Roof type
- Shingle
Listing agency
Realty Executives Home Towne Shelby
(586) 726-4600
Listed by
Michael Donelson · License #6501391695
(586) 321-1391
Added: May 7 Updated: Jun 11 at 11:42AM Checked: Jul 21 at 7:06AM
MLS# 50206738
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Investment Insights
Based on property information with market context.
The Parkway Office Building is a stand-alone office structure designed for medical office and general office use. The property features 12-foot structural ceilings with built-in drop ceilings, and interior walls can be moved, with no load-bearing interior walls. Each suite is separately metered for gas and electric. All three suites were recently remodeled within the last two years, and the building includes an extra-large marquee sign.
The building is located on S Groesbeck Highway in Clinton Township and is within about a mile of McLaren Macomb Hospital, with Henry Ford Macomb Hospital and several major outpatient facilities minutes away. The property also benefits from an estimated 28,816 vehicles per day traffic count on Groesbeck and includes a large private parking lot for client convenience.
The available suite configuration provides practical options for a variety of office users. Suite A is 3,854 SF, Suite B is 1,054 SF (tenant Edward Jones), and Suite C is 1,768 SF. An attached vacant lot is included with the sale, roughly 70 by 207 feet (about 0.33 acres), offering room for possible expansion. The flexible floor plan and separately metered utilities can support efficient operations for owner-occupants and investors seeking adaptable office space.
The building is located on S Groesbeck Highway in Clinton Township and is within about a mile of McLaren Macomb Hospital, with Henry Ford Macomb Hospital and several major outpatient facilities minutes away. The property also benefits from an estimated 28,816 vehicles per day traffic count on Groesbeck and includes a large private parking lot for client convenience.
The available suite configuration provides practical options for a variety of office users. Suite A is 3,854 SF, Suite B is 1,054 SF (tenant Edward Jones), and Suite C is 1,768 SF. An attached vacant lot is included with the sale, roughly 70 by 207 feet (about 0.33 acres), offering room for possible expansion. The flexible floor plan and separately metered utilities can support efficient operations for owner-occupants and investors seeking adaptable office space.
Key Highlights
- Parkway Office Building built in 1972 with 3 rentable suites: Suite A (3,854 SF), Suite B (1,054 SF, Edward Jones), and Suite C (1,768 SF).
- Zoned for medical office use and general office use, located within 1 mile of McLaren Macomb Hospital and minutes from Henry Ford Macomb Hospital and major outpatient facilities.
- 12 ft structural ceilings throughout with built‑in drop ceilings; all interior walls are movable (no load‑bearing interior walls).
Local Financial Insights For Healthcare Medical
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 | $131.8k | $19.80 |
| − Vacancy | −$15.5k | −$2.33 |
| EGI | $116.3k | $17.47 |
| − OpEx | −$46.5k | −$6.99 |
| NOI | $69.8k | $10.48 |
6,655 SF · lease $19.80/SF/yr · vacancy 11.75% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$996.7K
$872.2K – $1.16M
NOI $69,772 @ 7.0% cap · market cap 5.37%
Second Best
Office B
$327.3K
$286.4K – $381.8K
NOI $22,910 @ 7.0% cap · market cap 1.76%
Theoretical Best
Specialty Retail
$1.25M
$1.09M – $1.45M
NOI $87,215 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Zoned for medical and general office use, this stand-alone property near McLaren Macomb supports flexible, recently remodeled suites.
Where is this office building located?
The property is located at 37244 S Groesbeck Highway Clinton Township, MI.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: Parkway Office Building built in 1972 with 3 rentable suites: Suite A (3,854 SF), Suite B (1,054 SF, Edward Jones), and Suite C (1,768 SF).; Zoned for medical office use and general office use, located within 1 mile of McLaren Macomb Hospital and minutes from Henry Ford Macomb Hospital and major outpatient facilities.; 12 ft structural ceilings throughout with built‑in drop ceilings; all interior walls are movable (no load‑bearing interior walls).
