Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Medical Office Building with 14 Offices Title is generated by Realmo AI

    37520 S Gratiot Ave, Clinton Township, MI 48036

    View on Map
    Claim this Listing
    New
    For Lease
    $3,400 /Mo

    Move-in ready professional suite with 14 private offices and multiple restrooms, supported by exterior and interior updates.

    Type:Commercial
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 2:10 am

    Property Features for 37520 S Gratiot Ave

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1956

    We can help!

    Listing Contact
    Mwood Nafsou

    Listing agent Mwood Nafsou License #6501401641

    Listing office Keller Williams Realty - Lakeside Market Center

    Listing date Jun 3, 2026

    Source Elliman

    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 Keller Williams Realty - Lakeside Market Center

    HighLights

    • Professional/medical office space for lease on Gratiot Avenue with a high‑visibility, high‑traffic corridor location
    • Includes 14 private offices plus 4 restrooms, offering multiple room configurations for medical and professional uses
    • Recent updates include exterior paint, interior paint, and plank flooring
    • Flexible lease structure with 3–5 year lease options available
    • Tenant responsible for base rent and utilities; landlord provides lawn maintenance, snow removal, and dumpster service
    • Conveniently located next to Taco Bell for accessibility and exposure

    Overview

    This professional and medical office building offers a flexible layout designed for private workspaces, consultations, and team operations. The space includes 14 private offices and 4 restrooms, making it well-suited for multi-provider medical practices or established professional service teams. Recent improvements include exterior paint, interior paint, and plank flooring, creating a clean, contemporary environment for a fast start.

    The property is positioned on a high-visibility Gratiot Avenue corridor with convenient access and exposure. It is located next to Taco Bell, which supports easy wayfinding and straightforward drive-by recognition for patients, clients, and visitors.

    For prospective tenants, the configuration supports a variety of office uses, including medical practices, counseling centers, insurance agencies, law offices, and other professional services that benefit from private rooms and an organized restroom count. Lease terms are described as flexible, with options noted for 3–5 year leases. The tenant is responsible for base rent and utilities, while the landlord provides lawn maintenance, snow removal, and dumpster service to help reduce day-to-day property upkeep.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.888511
    Latitude
    42.573591

    Nearby Similar for Lease

    • $3,400/Mo
      3,200 SF

      Medical Office Building

      Updated office building with 14 private offices and four restrooms, well-suited for medical and professional services.
      37520 S Gratiot Avenue, Clinton Township, MI 48036
      View Details
    • $2,346/Mo
      1,564 SF

      Office Space for Lease

      Office suite available for lease in Clinton Township, offering a defined workspace within a commercial setting.
      17001 19 Mile Road, Clinton Township, MI 48038
      View Details
    • $1,500/Mo
      1,250 SF

      Turnkey Medical Office Suite

      Turnkey medical suite with a large lobby and four exam rooms, offering an efficient patient flow and workspace.
      43301 Commons Drive, Clinton Township, MI 48038
      View Details
    • $1,100/Mo
      800 SF

      High-Traffic Retail/Office Space Available

      800 SF space in high-traffic Clinton Township location.
      44623 N Gratiot Avenue, Clinton Township, MI 48036
      View Details
    • $550/Mo
      180 SF

      Office Building with Private Entrances

      Well-maintained office suites with private entrances in a quiet, professionally managed setting.
      35807 Moravian Road, Clinton Township, MI 48035
      View Details
    • $4,000/Mo
      3,500 SF

      Industrial Flex Space For Rent

      3,500 SF industrial flex space suitable for various businesses.
      36429 Groesbeck, Clinton Township, MI 48035
      View Details
    • $5,500/Mo
      4,000 SF

      Retail Space in Well-Maintained Plaza

      Available retail space within a maintained plaza with access to Hayes Road’s high vehicle traffic.
      44444-44480 Hayes Road, Clinton Township, MI 48038
      View Details
    • $1,500/Mo
      1,152 SF

      Standalone Former Insurance Office Building

      Standalone building previously used as an insurance office, offering a small-footprint option with strong street visibility.
      18601 15 Mile Road, Clinton Township, MI 48035
      View Details
    • $4,418/Mo
      2,798 SF

      Storefront Retail Space with Signage

      Retail storefront offering Garfield frontage and available signage for strong storefront presentation.
      42550 Garfield Road, Clinton Township, MI 48038
      View Details
    • $4,000/Mo
      3,000 SF

      Medical Office Suite with White Box

      Landlord offers white-box buildout options in a well-maintained plaza with multiple suite sizes.
      40790 GARFIELD Road, Clinton Township, MI 48038
      View Details
    • $6,267/Mo
      4,715 SF

      Office Building with Monument Signage

      Standalone office building previously used by attorneys, with monument signage available for tenant branding.
      38550 Garfield Road, Clinton Township, MI 48038
      View Details
    • $495/Mo
      168 SF

      Private-Setting Office Suites

      Private-setting office suites in Clinton Township near Hall Road, offering space for professional and service-focused tenants.
      44444-44480 Hayes Road, Clinton Township, MI 48038
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Move-in ready professional suite with 14 private offices and multiple restrooms, supported by exterior and interior updates.
    Where is this medical office space located?
    The property is located at 37520 S Gratiot Ave Clinton Township, MI.
    What is the lease rate?
    The lease rate is $3,400 /Mo.
    What are key features of this property?
    This property features: Professional/medical office space for lease on Gratiot Avenue with a high‑visibility, high‑traffic corridor location; Includes 14 private offices plus 4 restrooms, offering multiple room configurations for medical and professional uses; Recent updates include exterior paint, interior paint, and plank flooring
    (586) 945-5830
    We can help!
    Listing Contact
    Mwood Nafsou
    Real Estate License ID: 6501401641
    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

    Thank You for Inquiry
    37520 S Gratiot Ave, ClintonCharterTownship_Macomb, MI 48036
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!