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    OFF-MARKET
    Neighborhood centers

    16853-16865 Penrod Dr, Clinton Township, MI 48035

    6,200 SF 0.63 ac lot Built 1986
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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