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    OFF-MARKET
    Land

    0 Groesbeck Hwy, Clinton Township, MI 48036

    10.04 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 10.04 ac (437,342 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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