Retail Space For
For Sale
Contact for pricing
44905 Morley Dr, Clinton Township, MI 48036
Retail space available for purchase in Clinton Township, Michigan.
Property Size21,756 SF
Price / SF$147.09
Days on Market868
Property Features for 44905 Morley Dr
General Information
Standard status
Active
Size
21,756 SF
Property subtype
Retail
Zoning
B-2
Occupancy
56%
Lease Type
Gross
Investment Type
Owner/User
Net Operating Income
$75,000
Building Details
Tenancy
Multi
Listing Agency:
Landmark Commercial Real Estate Services
Listed By:
Louis J. Ciotti · License #MI 6501335264
(313) 570-2026
Source:
Crexi
Added: May 22, 2024
Changed: Sep 29
Last Checked: Oct 5 at 6:09PM
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.
A retail space is available for sale. The property is located in Clinton Township, Michigan. The property has a size of 21756 square feet.
Key Highlights
- No property information was provided to analyze.
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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
69k
Monthly Visits Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for purchase in Clinton Township, Michigan.
Where is this retail space located?
The property is located at 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: No property information was provided to analyze.
