0 Groesbeck Hwy, Clinton Township, MI 48036
This exceptional 10.04-acre commercial land parcel, located on S. Groesbeck Hwy in Clinton Township, Michigan (zip code 48036), presents a unique investment opportunity. The property is fully site plan approved and shovel-ready, boasting a comprehensive plan for a senior living community. The approved development includes 160 units, encompassing 91 independent living rooms, 44 assisted living rooms, 20 memory care rooms, and 24 villa units. The project features four and three-story buildings, with all necessary variances for parking and building heights already secured. The zoning is SP, specifically approved for assisted living facilities. A finalized geo-technical engineering report, completed June 30, 2022, is available. Detailed site plans and elevations accompany this listing. This is a turnkey opportunity to develop a highly sought-after senior living community in a prime Macomb County location. The asking price is $3,749,000. Don't miss this chance to capitalize on this fully permitted and ready-to-build project.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.