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    34010 Southbound Gratiot Ave Clinton Township, MI 48035

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    For Lease
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    3,295 SF Freestanding Restaurant on 1.12 Acres

    Lot size:
    3,295 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional freestanding restaurant building presents a compelling investment opportunity in the thriving Clinton Township, Michigan market. Located at 34010 Southbound Gratiot Ave, 48035, this single-story property boasts a substantial 3,295 square feet of space, perfectly suited for a variety of food service operations. The property's significant advantage lies in its inclusion of a convenient drive-thru, catering to the demands of today's fast-paced consumer landscape. Situated on a generous 1.12-acre lot, the property offers ample parking and visibility, ensuring easy access and high traffic potential. The building's single-story design optimizes functionality and operational efficiency. The property's location within Macomb County provides access to a robust consumer base and strong traffic counts, making it an ideal location for a successful restaurant venture. This retail and restaurant property is a single-tenancy building, offering a streamlined ownership experience. The property's strategic location and desirable features make it a highly attractive investment opportunity for discerning buyers seeking a well-established and profitable business location. The property is ready for immediate occupancy and presents a unique chance to capitalize on the high-demand restaurant market in Clinton Township. This is a rare opportunity to acquire a well-positioned, freestanding restaurant with a drive-thru in a high-traffic area.

    Property Features for 34010 Southbound Gratiot Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,295 SF

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    3,295 SF

    HighLights

    • Freestanding 3,295 SF former restaurant with drive‑thru on 1.12 acres.
    • Located on heavily traveled Gratiot Avenue with 49,000+ CPD and access from Gratiot Ave and Quinn Rd.
    • Adjacent to Clinton Pointe Shopping Center (Target, TJ Maxx, Dollar Tree, Planet Fitness).
    • High visibility with pylon signage in a dense retail corridor.
    • Near Macomb Mall (933,000 SF) with strong demographics (101,000+ population within three miles).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.903562989599
    Latitude
    42.547622572571

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    FAQs

    What type of property is this?
    Restaurant - 3,295 SF Freestanding Restaurant on 1.12 Acres
    Where is this restaurant located?
    The property is located at 34010 Southbound Gratiot Ave Clinton Township, MI.
    What are key features of this property?
    This property features: Freestanding 3,295 SF former restaurant with drive-thru on 1.12 acres.; Located on heavily traveled Gratiot Avenue with 49,000+ CPD and access from Gratiot Ave and Quinn Rd.; Adjacent to Clinton Pointe Shopping Center (Target, TJ Maxx, Dollar Tree, Planet Fitness).
    Request Owner's contact information
    34010 Southbound Gratiot Ave Clinton Township, MI 48035
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    Clinton Township, MI 48035
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    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.

    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
    34010 Southbound Gratiot Ave Clinton Township, MI 48035
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