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    141 Groesbeck Hwy Mount Clemens, MI 48043

    Sponsored
    For Sale
    $1,350,000

    16 Acres, Retail Building, High Visibility

    Property size:
    1,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional commercial property, located at 141 N Groesbeck Hwy in Mount Clemens, Michigan (48043), presents a rare investment opportunity. The 16.63-acre parcel boasts a prime location on Groesbeck Highway, offering excellent visibility and accessibility. The property includes a 1,120 square foot existing building, perfect for retail use, currently zoned Commercial, L-I. A significant portion of the land, approximately 3.3 acres, is situated between Groesbeck Highway and a lake, providing unique development potential. This usable area features an extensive retaining wall at the lake's eastern edge. The property's asking price is $1,350,000, translating to $81,183.48 per acre. Built in 1995, the single-story structure offers immediate income potential or redevelopment possibilities. Note that a portion of this parcel falls within Clinton Township. The property's unique combination of commercial zoning, highway frontage, lake access, and existing building makes it an ideal candidate for a variety of uses, including potential industrial applications. The parcel's APN is 11-10-402-004 11-10-401-004. This is a truly unique opportunity to acquire a substantial commercial property with significant upside potential.

    Property Features for 141 Groesbeck Hwy

    General Information

    Property type
    Land
    Square Feet
    1,120 SF
    Lot Size
    724,403 SF

    Building Details

    Year Built
    1995
    Stories
    1

    HighLights

    • 16.63‑acre commercial parcel available in Mount Clemens, MI.
    • Rare commercial‑zoned land on Groesbeck Hwy with high visibility.
    • Potential for industrial uses.
    • Approx. 3.3 acres usable between Groesbeck Hwy and a lake, featuring an extensive retaining wall.
    • Existing 1,120 sq ft building on site.
    • Portion of parcel located in Clinton Township.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Clemens
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9006
    Latitude
    42.6059399

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    FAQs

    What type of property is this?
    Land - 16 Acres, Retail Building, High Visibility
    Where is this land located?
    The property is located at 141 Groesbeck Hwy Mount Clemens, MI.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 16.63-acre commercial parcel available in Mount Clemens, MI.; Rare commercial-zoned land on Groesbeck Hwy with high visibility.; Potential for industrial uses.
    Request Owner's contact information
    141 Groesbeck Hwy Mount Clemens, MI 48043
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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
    141 Groesbeck Hwy Mount Clemens, MI 48043
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