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    36217 Southbound Gratiot Ave Clinton Township, MI 48035

    Sponsored
    For Sale
    $2,300,000

    Established Business, High-Traffic Location

    Property size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 36217 Southbound Gratiot Ave in Clinton Township, Michigan, presents a lucrative investment opportunity. The 12,000 square foot building, constructed in 1976 and extensively renovated in 2020, sits on a spacious lot ranging from one to 1.5 acres. Currently operating as a successful banquet center and restaurant, the property boasts the capacity to host over 400 guests simultaneously. The fully operational restaurant includes a separate, independent kitchen, ensuring efficient and versatile food service capabilities. Zoned for commercial use, this two-story building offers a single tenancy and is available for $2,300,000, translating to a price per square foot of $191.67. The property's prime location in Macomb County, Michigan, within the 48035 zip code, guarantees high visibility and accessibility. This owner-user investment is ideal for an entrepreneur seeking a turnkey operation with significant growth potential. The property's substantial size and established reputation make it a rare find in the market. The extensive renovation ensures modern amenities and functionality, minimizing immediate capital expenditure needs. This is a unique chance to acquire a thriving business with significant real estate value in a desirable location.

    Property Features for 36217 Southbound Gratiot Ave

    General Information

    Property type
    Wedding venues
    Square Feet
    12,000 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built/Renovated
    1976/2020
    Buildings
    1
    Stories
    2

    HighLights

    • $2,300,000 asking price for this mixed‑use property.
    • 12,000 square feet, with a price per square foot of $191.67.
    • Located at 36217 Southbound Gratiot Ave, Clinton Twp, MI 48035.
    • Includes a fully operational restaurant with a separate kitchen, capable of hosting over 400 guests.
    • Sits on a 1‑1.5 acre lot.
    • Features a two‑story building, built in 1976 and renovated in 2020.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wedding venues

    Map

    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8957718
    Latitude
    42.5631864

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    FAQs

    What type of property is this?
    Wedding venue - Established Business, High-Traffic Location
    Where is this wedding venue located?
    The property is located at 36217 Southbound Gratiot Ave Clinton Township, MI.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: $2,300,000 asking price for this mixed-use property.; 12,000 square feet, with a price per square foot of $191.67.; Located at 36217 Southbound Gratiot Ave, Clinton Twp, MI 48035.
    Request Owner's contact information
    36217 Southbound Gratiot Ave Clinton Township, MI 48035
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    Clinton Township, MI 48035
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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
    36217 Southbound Gratiot Ave Clinton Township, MI 48035
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