34705 Southbound Gratiot Ave, Clinton Township, MI 48035
This exceptional investment opportunity presents a fully renovated 2,670-square-foot convenience store located at 34705 S Gratiot Ave in Clinton Township, Michigan, 48035. The property, situated on a 0.41-acre lot, boasts a single story building constructed in 1954 and extensively renovated in 2022. The store features brand new roofing, signage, a rooftop generator, updated counters and countertops, bulletproof glass, fresh paint, durable black shelving, new lighting, and a recently upgraded furnace, AC unit, and hot water tank. Two registers and two lotto machines are included. Currently vacant, this NNN-leased property offers a remaining lease term of two years. The asking price is $499,900, translating to $187.23 per square foot. The property is zoned for commercial use and presents a significant value-add investment opportunity. The building is also available for purchase, including an attached automotive building currently under lease. This presents a unique opportunity to acquire either the business alone or the business and building together. The property's prime location along Gratiot Avenue offers significant potential for increased sales. The liquor license alone is estimated to be worth $500,000. All measurements are approximate.
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
Similar Nearby for Lease
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.