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    36439 Gratiot Ave Clinton Township, MI 48035

    Sponsored
    For Sale
    $699,999

    Multi-tenant retail, high traffic area.

    Property size:
    13,678 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a multi-tenant retail storefront located at 36439-36463 S. Gratiot Ave, Clinton Township, MI 48035. The property boasts a substantial 13,678 square feet of space, currently configured to include a 5,000 square foot storage building and two retail spaces totaling 5,300 square feet (2,000 SF and 3,300 SF). The asking price is $699,999, translating to a price per square foot of $51.18. Built in 1964, the property is zoned for commercial use and offers ample parking with 50 spaces available. The property's location on Gratiot Avenue in Macomb County ensures high visibility and accessibility for businesses. The property's APN is 16-11-27-251-021. This presents a strong potential for immediate income generation and future appreciation, making it an attractive investment for savvy buyers seeking a well-established retail property in a thriving Michigan market. Up to 10,300 square feet is available for lease, providing flexibility for various business needs and potential rental income streams. This is a rare opportunity to acquire a substantial retail property with significant upside potential.

    Property Features for 36439 Gratiot Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,678 SF

    Building Details

    Year Built
    1964

    HighLights

    • Multi‑tenant retail storefront totaling 13,678 square feet at 36439‑36463 S. Gratiot Ave, Clinton Township, MI 48035.
    • Asking price: $699,999 ($51.18/SF).
    • Includes a 5,000 SF storage building and two retail spaces (2,000 SF & 3,300 SF).
    • 50 parking spaces.
    • High‑visibility location on Gratiot Ave in Macomb County with up to 10,300 SF available for lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.894708534489
    Latitude
    42.564797582905

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    FAQs

    What type of property is this?
    Individual retail property - Multi-tenant retail, high traffic area.
    Where is this individual retail property located?
    The property is located at 36439 Gratiot Ave Clinton Township, MI.
    What is the asking price?
    The asking price for this property is $699,999.
    What are key features of this property?
    This property features: Multi-tenant retail storefront totaling 13,678 square feet at 36439-36463 S. Gratiot Ave, Clinton Township, MI 48035.; Asking price: $699,999 ($51.18/SF).; Includes a 5,000 SF storage building and two retail spaces (2,000 SF & 3,300 SF).
    Request Owner's contact information
    36439 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
    36439 Gratiot Ave Clinton Township, MI 48035
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