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Property profile

34705 Southbound Gratiot Ave Clinton Township, MI 48035

OFF-MARKET
Retail properties & Spaces
2,670 SF 0.41 ac lot Built 1954
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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

Location

34705 Southbound Gratiot Ave 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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