Property profile

16853-16865 Penrod Dr Clinton Township, MI 48035

OFF-MARKET
Neighborhood centers
6,200 SF 0.63 ac lot Built 1986
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Property summary

AI-generated overview

This exceptional Clinton Township retail property, known as Clinton Community Plaza, presents a prime opportunity for businesses seeking high visibility and accessibility. The single-story, 6,200 square foot strip center is situated on a 0.63-acre lot at 16853-16865 Penrod, conveniently located near the intersection of Metro Parkway and Garfield in Macomb County, Michigan (zip code 48035). The property boasts a Class C rating and was built in 1986. Currently, a 2,800 square foot endcap unit is available, offering an open floor plan ideal for a variety of retail uses. The building features a total of five suites, with ample parking provided by 31 spaces. Benefit from the high traffic counts on Garfield (20,000+ cars daily) and Metro Parkway (40,000+ cars daily), ensuring significant exposure for your business. The property is zoned B-2 and has a Macomb County APN of 16-11-29-103-046. The minimum divisible space is 2,800 square feet. No elevators are present. This is an excellent opportunity to establish or expand your retail presence in a thriving location.

Property profile

Verified
Property type Neighborhood centers
Year built 1986
Total area 6,200 SF
Lot 0.63 ac (27,443 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16853-16865 Penrod Dr Clinton Township, MI 48035
Clinton Township metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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