Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical Office Building Title is generated by Realmo AI

    37520 S Gratiot Avenue, Clinton Township, MI 48036

    View on Map
    Claim this Listing
    New
    For Lease
    $3,400/Mo $12 SF/Yr (calc)

    COMMERCIAL - Clinton Township, MI

    Property size:
    3,200 SF
    Lot size:
    0.21 Acres
    Added:
    May 31, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 4 at 5:06 am

    Property Features for 37520 S Gratiot Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    50-11-23-328-031
    Size
    3,200 SF
    Lot size
    0.21 Acres

    Utilities

    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1956

    We can help!

    Listing Contact
    Mwood Nafsou

    Listing agent Mwood Nafsou License #6501401641

    Listing office Keller Williams Realty Lakeside 45609 Village Blvd, Shelby Township, MI

    Listing date May 31, 2026

    MLS# 50209588

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Professional/medical office space for lease on Gratiot Avenue with flexible floor plan for multiple office configurations
    • 14 private offices and 4 restrooms for professional and medical practice use
    • Recent updates include exterior paint, interior paint, and plank flooring
    • Central air and public water service
    • Parking lot on‑site
    • Flexible 3–5 year lease options; tenant pays base rent and utilities, landlord handles lawn maintenance, snow removal, and dumpster service

    Overview

    This professional and medical office space offers a flexible layout with 14 private offices and four restrooms. Recent improvements include exterior paint, interior paint, and plank flooring, supporting a clean, move-in-ready environment for a range of office and practice configurations.

    Located along the Gratiot Avenue corridor in Clinton Township, the property benefits from high-visibility, high-traffic positioning and convenient nearby retail access. The building is next to Taco Bell, supporting straightforward customer and staff access.

    The floor plan is designed to work for multi-provider medical practices or professional service teams that need individual offices alongside shared restroom access. Lease terms are available on a flexible 3- to 5-year basis. Tenant responsibility includes base rent and utilities, while the landlord provides lawn maintenance, snow removal, and dumpster service to help streamline day-to-day operations. This combination of private office capacity and upkeep coverage makes the space practical for practices and office users seeking a straightforward operating footprint.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    -82.888739
    Latitude
    42.57339

    Nearby Similar for Lease

    • $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
    • $2,750/Mo
      3,000 SF

      White Box Office or Studio Space

      Flexible suite layouts are available in a well-maintained plaza, with landlord willing to white box the space.
      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
    • $2,500/Mo
      1,360 SF

      Commercial Space For Lease

      Lease a compact commercial space on Garfield Road in Clinton Township, suitable for a range of business uses.
      39079 Garfield Road, Clinton Township, MI 48038
      View Details

    FAQs

    What type of property is this?
    Office building - Updated office building with 14 private offices and four restrooms, well-suited for medical and professional services.
    Where is this office building located?
    The property is located at 37520 S Gratiot Avenue 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 flexible floor plan for multiple office configurations; 14 private offices and 4 restrooms for professional and medical practice use; 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
    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 Avenue, Clinton Township, 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!