Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    35850 Utica Rd Clinton Township, MI 48035

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Multi-use commercial building with retail and office space for lease.

    Type:Retail
    Property size:
    4,700 SF
    Added:
    Jan 28, 2025
    Days on Market:
    442
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 35850 Utica Rd

    General Information

    Standard status
    Active
    Size
    4,700 SF
    Property subtype
    Retail

    Spaces For Lease

    at 35850 Utica Rd Contact us

    Total Space $10 /Mo

    Size
    4,700 SF
    Type
    Retail
    GROSS LEASE $4,000 which is $10.21/Sq Ft/Year which is also .85 cents/Sq Ft/Monthn1...
    show more
    Contact us

    We can help!

    Listing Contact
    Matthew Hanke

    Listing agent Matthew Hanke License #6501375089

    Listing office RE/MAX First

    Listing date Jan 28, 2025

    Source Crexi

    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 RE/MAX First

    Overview

    Retail and Office Space Available

    This multi-use commercial building offers 4,700 total square feet of space zoned B3 in Clinton Township. Located on Utica Road, just south of Moravian Drive, the property benefits from high traffic. The building includes 3,500 square feet of retail space, complete with a separate inventory room equipped with shelving. An additional 1,200 square feet features a dedicated office and restroom. The property has ample parking and features a newer roof, newer furnaces with A/C, and newer electrical systems. Lease terms from 1 to 5 years are available. The lease is $4,000 per month, with the tenant responsible for gas, electric, and water. The first month's rent plus the last month's rent are required for the security deposit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.96393
    Latitude
    42.559227

    Nearby Similar for Lease

    • Contact for pricing

      High-Traffic Retail/Office Space Available

      800 SF space in high-traffic Clinton Township location.
      44623 N Gratiot Avenue, Clinton Township, MI 48036
      View Details
    • Contact for pricing

      Industrial Flex Space For Rent

      3,500 SF industrial flex space suitable for various businesses.
      36429 Groesbeck, Clinton Township, MI 48035
      View Details
    • $16/mo

      Office Space Near Macomb Hospital

      Remodeled office suite available for lease near major hospitals.
      37244 S Groesbeck Ste C, Clinton Township, MI 48036
      View Details
    • Contact for pricing

      Industrial Flex Space Available

      3700 SF industrial flex space suitable for various businesses.
      36431 Groesbeck Ave, Clinton Township, MI 48035
      View Details
    • Contact for pricing

      Clinton Township Office Space Available

      Well-maintained office building with multiple private entrances in Clinton Township.
      35807 Moravian, Clinton Township, MI 48035
      View Details
    • Contact for pricing

      Industrial Flex Space Available

      Versatile industrial flex space suitable for various business operations.
      36429 Groesbeck, ClintonCharterTownship_Macomb, MI 48035
      View Details
    • $18/mo

      Turn-Key Medical/Office Condo

      6,000 SF condo suite near hospitals and community college.
      42450 Hayes Rd Ste 3a, Clinton Township, MI 48038
      View Details
    • Contact for pricing

      Clinton Township Office For Rent

      Standalone office building in Clinton Township, Michigan, with great exposure.
      18601 15 Mile, Clinton Township, MI 48035
      View Details
    • $66,000/mo

      Restaurant Space on Groesbeck Highway

      Restaurant space available on Groesbeck Highway with high traffic.
      37116 South Groesbeck Highway, Clinton Township, MI, 48036
      View Details
    • $15/mo

      Retail Space on Harper Avenue

      Well-maintained shopping center with 1,800 SF unit for lease.
      37507-37527 Harper Ave, Clinton Township, MI 48036
      View Details
    • $12/mo

      Medical/Office Space Near Hospital

      Located across from Henry Ford Macomb Hospital and Macomb Community College.
      43191 Dalcoma, Clinton Township, MI 48038
      View Details
    • $7/mo

      Dalcoma Drive Medical/Office Space

      Medical or office space available near Henry Ford Macomb Hospital.
      43171 Dalcoma Drive, Clinton Township, MI 48038
      View Details

    FAQs

    What type of property is this?
    Retail space - Multi-use commercial building with retail and office space for lease.
    Where is this retail space located?
    The property is located at 35850 Utica Rd Clinton Township, MI.
    What are key features of this property?
    This property features: Prime location on Utica Rd. in Clinton Twp. with high traffic.; 4,700 sq. ft. multi‑use commercial building zoned B3.; **3,500 sq. ft. of retail space with separate inventory room.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matthew Hanke
    Real Estate License ID: 6501375089
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!