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    37116 Groesbeck Hwy Clinton Township, MI 48036

    Sponsored
    For Sale
    $925,000

    Established eatery, high traffic area.

    Property size:
    3,693 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional restaurant opportunity is located at 37116 S Groesbeck Hwy in Clinton Township, Macomb County, Michigan, 48036. The property boasts 3,693 square feet situated on a 0.735-acre lot. Currently operating as Zorba's, a family-run restaurant since 2001, this turnkey business offers immediate income potential. All fixtures and equipment are included in the sale, with a detailed list available upon request. The asking price is $925,000. The property benefits from excellent exposure and a high traffic count, making it an ideal location for a thriving restaurant. The property's strategic location is further enhanced by its proximity to Parkway Shopping Plaza, which is currently undergoing revitalization with new tenant acquisitions. This presents a significant opportunity for synergistic growth and increased customer traffic. The single-unit property is classified as retail, specifically a restaurant, and presents a rare chance to acquire an established business with significant upside potential in a desirable location. This is a fantastic opportunity for an experienced restaurateur or an investor seeking a strong return on investment.

    Property Features for 37116 Groesbeck Hwy

    General Information

    Property type
    Restaurants
    Square Feet
    3,693 SF
    Lot Size
    32,017 SF

    Building Details

    Units
    1

    HighLights

    • Offers requested.
    • Established family restaurant (Zorba's) operating since 2001.
    • FF&E included; detailed inventory available.
    • Across the street from Parkway Shopping Plaza, experiencing significant tenant improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9103901
    Latitude
    42.570896

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    FAQs

    What type of property is this?
    Restaurant - Established eatery, high traffic area.
    Where is this restaurant located?
    The property is located at 37116 Groesbeck Hwy Clinton Township, MI.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: Offers requested.; Established family restaurant (Zorba's) operating since 2001.; FF&E included; detailed inventory available.
    Request Owner's contact information
    37116 Groesbeck Hwy Clinton Township, MI 48036
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    Clinton Township, MI 48036
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    Realmo Value Estimation

    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.

    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.

    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
    37116 Groesbeck Hwy Clinton Township, MI 48036
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