Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15501 Metro Pkwy Clinton Township, MI 48036

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    300-1180 acres, $400,000

    Property Features for 15501 Metro Pkwy

    General Information

    Property type
    Land
    Lot Size
    13,068,000 SF

    We can help!

    Listing Contact
    Bill Minor
    Bill Minor

    Listing Agency: Berkshire Hathaway Home Services Kee Realty Listing Agent: Bill Minor

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional commercial land parcel, located at 62800 Gratiot in Clinton Township, Michigan, presents a unique investment opportunity. Spanning a substantial 300 to 1180 acres, this property boasts significant frontage on Gratiot, offering high visibility and accessibility. The land is zoned for agricultural use, providing flexibility for various development projects. Conveniently situated on a paved road, the property benefits from readily available city water, sewer, and gas utilities, simplifying infrastructure needs. The high-traffic location ensures excellent exposure for any future development. A key advantage is its location in Lenox Township, an area known for its cannabis-friendly regulations, making it suitable for cultivation and processing facilities. The property is ready for immediate development, presenting a compelling opportunity for investors seeking a large-scale project in a strategic location. The asking price is $400,000, with a land value of $40,000 per acre. The property is privately owned. This is an exceptional opportunity to acquire a substantial land parcel with significant potential in a rapidly developing area. The address is 15501 Metro Parkway, Clinton Township, MI 48036.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9662183
    Latitude
    42.5672413

    Nearby Similar for Sale

    • $1,550,000
      6,655 SF

      Medical/General Office Building For Sale

      Stand-alone office building near hospitals with expansion potential.
      37244 S Groesbeck Ct, Clinton Township, MI 48036
      View Details
    • $1,400,000
      9,755 SF

      Commercial/Industrial Building in Clinton Township

      Multi-use commercial building with high traffic and ample parking.
      35850 Utica Rd, Clinton Township, MI 48035
      View Details
    • $398,769
      7,000 SF

      Clinton Township Redevelopment Opportunity

      7,000 sq ft building on 2.9 acres.
      22515 Laurel St, Clinton Township, MI 48035
      View Details
    • $100,000
      1,200 SF

      Established Pizzeria and Deli Business

      Well-established pizzeria and deli business opportunity in Clinton Township, MI.
      36450 Moravian Dr, Clinton Township, MI 48035
      View Details
    • $1,500,000
      17,500 SF

      Commercial/Industrial Property on Gratiot Avenue

      Commercial/Industrial property with frontage on Gratiot Avenue in Clinton Township.
      34381 S Gratiot Ave, Clinton Township, MI 48035
      View Details
    • $185,000
      1,640 SF

      Clinton Township Duplex For Sale

      Two-unit duplex with separate entrances and long-term tenant.
      20471 Nicke St, Clinton Township, MI 48035
      View Details
    • $419,900
      2,292 SF

      Clinton Township Duplex Investment

      Duplex in Clinton Township with two units and private yards.
      38615 Meadowdale St, Clinton Township, MI 48036
      View Details
    • $45,000
      3,200 SF

      Established Restaurant Business Opportunity

      Turnkey restaurant for sale with 24 years of success.
      34380 Harper Ave, Clinton Township, MI 48035
      View Details
    • $50,000
      60,000 SF

      Detroit-Themed Business Opportunity

      Business opportunity with Detroit theme in Clinton Township, Michigan.
      37051 Gratiot Ave, Clinton Township, MI 48036
      View Details
    • $2,145,000
      33,000 SF

      Two-Story Commercial/Industrial Building

      Two-story commercial/industrial building with kitchen, generator, and ample parking.
      34375 S Gratiot Ave, Clinton Township, MI 48035
      View Details
    • $1,650,000
      14,807 SF

      Versatile Industrial Flex Facility

      14,807 SF industrial flex facility on 1.89 acres.
      44595 Enterprise Dr, Clinton Township, MI 48038
      View Details
    • $1,250,000
      3,200 SF

      Commercial Property in Clinton Township

      Commercial/Industrial property with high visibility and two-bay detail shop.
      34470 S Gratiot Ave, Clinton Township, MI 48035
      View Details

    FAQs

    What type of property is this?
    Land - 300-1180 acres, $400,000
    Where is this land located?
    The property is located at 15501 Metro Pkwy Clinton Township, MI.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Excellent location for cannabis cultivation and processing businesses.; High-traffic area with strong local demand.; Zoned for industrial use, suitable for large-scale operations.
    (586) 840-0440 Call to check price and availability
    Request Owner's contact information
    15501 Metro Pkwy Clinton Township, MI 48036
    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.
    15501 Metro Pkwy
    Clinton Township, MI 48036
    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
    15501 Metro Pkwy Clinton Township, MI 48036
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bill Minor
    Bill Minor
    Real Estate License ID: MISPE-6501243324
    (586) 840-0440 (586) 530-1059 (586) 840-0400
    Learn more
    Google sign-in failed. Please try again or use another login method.