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    OFF-MARKET
    Retail properties & Spaces

    34705 Southbound Gratiot Ave, Clinton Township, MI 48035

    2,670 SF 0.41 ac lot Built 1954
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1954
    Total area 2,670 SF
    Lot 0.41 ac (17,860 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
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