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    36454 Groesbeck Hwy Clinton Township, MI 48035

    Sponsored
    For Sale
    $1,000,000

    Clinton Twp, MI retail investment opportunity.

    Property size:
    5,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 5,600 square foot, multi-tenant retail shopping center presents a compelling investment opportunity in Clinton Township, Michigan. Located at 36454 Groesbeck Highway, this Class B property boasts 100% occupancy with four tenants: an urgent care facility, a pizza restaurant, a hair salon, and a smoke shop. The property features a newly renovated building (2022), including a new roof, parking lot, and LED lighting. The urgent care facility holds a triple-net (NNN) lease extending through 2029, with a five-year renewal option. The property sits on a 0.57-acre lot with 25 parking spaces and 147 feet of frontage on Groesbeck Highway, a high-traffic area with over 30,000 vehicles per day. The property's strong demographics are further enhanced by a population of nearly 100,000 within a three-mile radius. Built in 1965, this single-story building is zoned B3 and offers a strong net operating income (NOI) of $64,635, resulting in a 6.46% cap rate. The asking price is $1,000,000, or $178.57 per square foot. This core+ investment presents a rare opportunity to acquire a stable, high-performing retail property in a desirable location. The property's strong tenant mix, excellent visibility, and recent renovations make it an attractive investment for discerning buyers. The APN is 16-11-28-276-021.

    Property Features for 36454 Groesbeck Hwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    5,600 SF
    Class
    B
    Lot Size
    24,829 SF

    Building Details

    Year Built/Renovated
    1965/2022
    Buildings
    1
    Stories
    1
    Units
    4

    HighLights

    • 5,600 SF multi‑tenant retail center in Clinton Township, MI.
    • 100% occupied with diverse tenant mix including urgent care, pizza restaurant, hair salon, and smoke shop.
    • Urgent care tenant has a triple‑net (NNN) lease extending to 2029 with a five‑year option.
    • Recently renovated (2022) with new roof, parking lot, and LED lighting.
    • High visibility location with 147 feet of frontage on Groesbeck Highway, experiencing over 30,000 vehicles daily.
    • Strong demographics, with nearly 100,000 people within a three‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    -82.915144183706
    Latitude
    42.565603057951

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    FAQs

    What type of property is this?
    Lifestyle center - Clinton Twp, MI retail investment opportunity.
    Where is this lifestyle center located?
    The property is located at 36454 Groesbeck Hwy Clinton Township, MI.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 5,600 SF multi-tenant retail center in Clinton Township, MI.; 100% occupied with diverse tenant mix including urgent care, pizza restaurant, hair salon, and smoke shop.; Urgent care tenant has a triple-net (NNN) lease extending to 2029 with a five-year option.
    Request Owner's contact information
    36454 Groesbeck Hwy 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
    36454 Groesbeck Hwy Clinton Township, MI 48035
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