Shopping Center with Restaurant
For Sale
Contact for pricing
44875-44905 Morley Dr, Clinton Township, MI 48036
Hall Rd frontage supports access to a four-tenant center with an equipped vacant restaurant space and liquor license.
Property Size21,756 SF
Price / SF$147.09
Days on Market154
Property Features for 44875-44905 Morley Dr
General Information
Standard status
Active
Size
21,756 SF
Property subtype
RETAIL
Listing Agency:
Landmark Commercial Real Estate Services
Listed By:
Louis Ciotti · License #6501335264
(248) 488-2620
Source:
Moodyscre
Added: May 15
Changed: Oct 9
Last Checked: Oct 14 at 10:39PM
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 Landmark Commercial Real Estate Services
Investment Insights
Based on property information with market context.
The 21,756-square-foot shopping center includes four long-standing tenant spaces leased on a gross basis. A vacant restaurant area remains available within the property and includes FF&E along with a liquor license, providing an existing restaurant configuration for a future occupant.
Located at 44875-44905 Morley Dr in Clinton Township, Michigan, the center fronts Hall Rd and benefits from the access associated with that corridor. The property combines occupied retail space with a separately identified restaurant component and established tenant occupancy.
Located at 44875-44905 Morley Dr in Clinton Township, Michigan, the center fronts Hall Rd and benefits from the access associated with that corridor. The property combines occupied retail space with a separately identified restaurant component and established tenant occupancy.
Key Highlights
- 21,756‑square‑foot shopping center
- Four long‑standing tenants occupy the center under gross leases
- Vacant restaurant space includes FF&E and a liquor license
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,820
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,216,400
$3.2M
Cap Rate 7%
$2,297,429
$2.3M
Cap Rate 9%
$1,786,889
$1.8M
Market Conditions
NOI Build-Up for 21,756 SF
Gross rent
$261.1K $12.00/SF
− Vacancy
−$31.3K −$1.44/SF
EGI
$229.7K $10.56/SF
− OpEx
−$68.9K −$3.17/SF
NOI
$160.8K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,216,400
Cap Rate 7%
$2,297,429
Cap Rate 9%
$1,786,889
Alternative Uses
Best Use
Retail
$2.30M
$2.01M – $2.68M
NOI $160,820 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.07M
$3.56M – $4.75M
NOI $285,115 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
69k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 43%
Speedway
Shops & Services
25,994 visits/mo
0.4 miles
Wendy's
Dining
14,032 visits/mo
0.5 miles
Tim Hortons
Dining
12,533 visits/mo
0.5 miles
Shell
Shops & Services
10,576 visits/mo
0.5 miles
Penn Station East Coast Subs
Dining
3,222 visits/mo
0.3 miles
Demographics for 48036, MI
22,517
Population
9,855
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
8.3 sq mi
ZIP Area
2,713
Density / Sq Mi
$65,109
Median Household Income
$36,730
Median Earnings
$1,018
Median Rent
$201,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Chesterfield Corners Shopping Center — 45385 Marketplace Blvd, New Baltimore, MI 48051
Frequently Asked Questions
What type of property is this?
Shopping center - Hall Rd frontage supports access to a four-tenant center with an equipped vacant restaurant space and liquor license.
Where is this shopping center located?
The property is located at 44875-44905 Morley Dr Clinton Township, MI.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 21,756‑square‑foot shopping center; Four long‑standing tenants occupy the center under gross leases; Vacant restaurant space includes FF&E and a liquor license
