Vacant Downtown Office
For Sale
$2,200,000
49 Macomb Pl, Mount Clemens, MI 48043
Vacant, sizable office building suited for owner-user occupancy or redevelopment in downtown Mt. Clemens.
Property Size21,404 SF
Price / SF$102.78
Days on Market51
Property Features for 49 Macomb Pl
General Information
Standard status
Active
Size
21,404 SF
Property subtype
Retail
Building Details
Tenancy
Multi
Listing Agency:
Birmingham, MI
(248) 226-1697
Listed By:
Andre Jabro · License #6501357188
(248) 226-1697
Source:
Colliers
Added: Jun 22
Changed: Aug 8
Last Checked: Jun 24 at 4:25AM
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 Birmingham, MI
Investment Insights
Based on property information with market context.
This property is a 21,404 SF vacant building offered for sale, presenting an immediate option for an owner/user or an investor looking to reposition the asset. With the building currently vacant, the space allows room for redevelopment, modernization, or potential re-configuration depending on approvals. Public remarks indicate the facility can support office, medical, educational, or creative uses, subject to required approvals.
The building is located downtown Mt. Clemens along Macomb Place, positioned near county offices and courts as well as retail amenities. It also offers excellent regional access, with proximity described as minutes from I-94, Gratiot Avenue (M-3), and major Macomb County corridors. The offering is a single, larger footprint in a walkable urban environment with limited comparable inventory.
For tenants, the most practical fit is an organization seeking a larger-format space with the flexibility to pursue office or medical-style operations, or to adapt the property for educational or creative use, subject to approvals. For buyers, the vacant condition supports a straightforward starting point for updates or modernization, whether the plan is to occupy the building personally or to pursue a multi-tenant or redevelopment strategy based on what the approvals will allow.
The building is located downtown Mt. Clemens along Macomb Place, positioned near county offices and courts as well as retail amenities. It also offers excellent regional access, with proximity described as minutes from I-94, Gratiot Avenue (M-3), and major Macomb County corridors. The offering is a single, larger footprint in a walkable urban environment with limited comparable inventory.
For tenants, the most practical fit is an organization seeking a larger-format space with the flexibility to pursue office or medical-style operations, or to adapt the property for educational or creative use, subject to approvals. For buyers, the vacant condition supports a straightforward starting point for updates or modernization, whether the plan is to occupy the building personally or to pursue a multi-tenant or redevelopment strategy based on what the approvals will allow.
Key Highlights
- 21,404 SF vacant building in downtown Mount Clemens
- Positioned along Macomb Place near county offices, courts, and retail amenities
- Suites office use, and may support medical, educational, or creative uses subject to approvals
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,683
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,473,660
$1.5M
Cap Rate 7%
$1,052,614
$1.1M
Cap Rate 9%
$818,700
$818.7K
Market Conditions
NOI Build-Up for 21,404 SF
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.
Gross rent
$128.4K $6.00/SF
− Vacancy
−$30.2K −$1.41/SF
EGI
$98.2K $4.59/SF
− OpEx
−$24.6K −$1.15/SF
NOI
$73.7K $3.44/SF
Area
Macomb County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,473,660
Cap Rate 7%
$1,052,614
Cap Rate 9%
$818,700
Alternative Uses
Best Use
Healthcare Medical
$3.21M
$2.81M – $3.74M
NOI $224,402 @ 7.0% cap · market cap 10.20%
Second Best
Office B
$1.05M
$921.0K – $1.23M
NOI $73,683 @ 7.0% cap · market cap 3.35%
Theoretical Best
Specialty Retail
$4.01M
$3.51M – $4.68M
NOI $280,502 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,312
Businesses Nearby
Explore this area
Business Placement
Demographics for 48043, MI
15,665
Population
7,059
Households
2.2
Avg Household Size
41
Median Age
18%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
3,821
Density / Sq Mi
$57,315
Median Household Income
$37,683
Median Earnings
$896
Median Rent
$169,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Vacant, sizable office building suited for owner-user occupancy or redevelopment in downtown Mt. Clemens.
Where is this office building located?
The property is located at 49 Macomb Pl Mount Clemens, MI.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 21,404 SF vacant building in downtown Mount Clemens; Positioned along Macomb Place near county offices, courts, and retail amenities; Suites office use, and may support medical, educational, or creative uses subject to approvals
