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    37601 Southbound Gratiot Ave Clinton Township, MI 48036

    Sponsored
    For Sale
    $1,690,000

    High-traffic shopping center, excellent visibility.

    Property size:
    23,397 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Ingleside Center, located at 37601 Southbound Gratiot Ave in Clinton Township, Michigan 48036, presents a prime retail investment opportunity. This 23,397 square foot shopping center, built in 1975, sits on a 1.95-acre lot and offers exceptional visibility due to its ample frontage on Gratiot Avenue, a road with extremely high traffic counts. The property boasts a large monument sign, ensuring phenomenal commercial exposure for tenants. Currently, the center houses Rent-A-Center and Lucky Nails, among other businesses. There are also two immediately available spaces: a 1,500 square foot unit and a 7,000 square foot unit, which can be combined for a total of 8,500 square feet. The property features abundant parking and provides easy access with smooth ingress and egress. The asking price for the entire shopping center is $1,690,000. Competitive lease rates are available for the vacant spaces. This property is ideal for investors seeking a strong retail presence in a high-traffic area with significant growth potential. The property's location in Macomb County, Michigan, offers convenient access to major roadways and a dense residential population.

    Property Features for 37601 Southbound Gratiot Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    23,397 SF
    Lot Size
    84,942 SF

    Building Details

    Year Built
    1975

    HighLights

    • 23,397 SF shopping center anchored by Rent‑A‑Center and Lucky Nails.
    • 1,500 SF and 7,000 SF spaces available, combinable for 8,500 SF total.
    • High‑traffic Gratiot Avenue frontage.
    • Large monument signage offers excellent visibility.
    • Ample on‑site parking.
    • Easy ingress/egress.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8907682
    Latitude
    42.5740398

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic shopping center, excellent visibility.
    Where is this lifestyle center located?
    The property is located at 37601 Southbound Gratiot Ave Clinton Township, MI.
    What is the asking price?
    The asking price for this property is $1,690,000.
    What are key features of this property?
    This property features: 23,397 SF shopping center anchored by Rent-A-Center and Lucky Nails.; 1,500 SF and 7,000 SF spaces available, combinable for 8,500 SF total.; High-traffic Gratiot Avenue frontage.
    Request Owner's contact information
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    Clinton Township, MI 48036
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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
    37601 Southbound Gratiot Ave Clinton Township, MI 48036
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