Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    34705 Southbound Gratiot Ave Clinton Township, MI 48035
    Back to Search
    Property profile & analytics

    34705 Southbound Gratiot Ave Clinton Township, MI 48035

    View on Map
    • Retail properties & Spaces
    • 2,670 SF
    • 0.41 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 34705 Southbound Gratiot Ave

    Year built
    1954
    Lot size
    0.41 lot acres
    Property size
    2,670 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9014
    Latitude
    42.5525

    Comparable in this City

    • Value Estimation by Request
      11,092 SF

      35250 Southbound Gratiot Ave

      Individual retail properties • 11,092 SF
      35250 Southbound Gratiot Ave, Clinton Township, MI 48035
      View Details
    • Value Estimation by Request
      480 SF

      34975 Harper Ave

      GROCERY, SUPERMARKET • 480 SF
      34975 Harper Ave, Clinton Township, MI 48035-3711
      View Details
    • Value Estimation
      $595,000
      3,000 SF

      35872 Utica Rd

      GROCERY, SUPERMARKET • 3,000 SF
      35872 Utica Rd, Clinton Township, MI 48035-2152
      View Details
    • Value Estimation
      $975,000
      5,296 SF

      35906 Utica Rd

      GROCERY, SUPERMARKET • 5,296 SF
      35906 Utica Rd, Clinton Township, MI 48035-2154
      View Details
    • Value Estimation
      $2,670,000
      17,261 SF

      34300 Gratiot Ave

      GROCERY, SUPERMARKET • 17,261 SF
      34300 Gratiot Ave, Clinton Township, MI 48035-3538
      View Details
    • Value Estimation
      $720,000
      3,644 SF

      36887 Groesbeck Hwy

      GROCERY, SUPERMARKET • 3,644 SF
      36887 Groesbeck Hwy, Clinton Township, MI 48035-1558
      View Details

    Similar Nearby for Sale

    • $2,376,000
      15,120 SF

      Walgreens Net Lease Investment

      High-performing Walgreens in Clinton Township, MI
      34899 Groesbeck Hwy, Clinton Township, MI 48035
      View Details
    • $100,000
      1,200 SF

      Established Pizzeria and Deli Business

      Well-established pizzeria and deli business opportunity in Clinton Township, MI.
      36450 Moravian Dr, Clinton Township, MI 48035
      View Details
    • $2,145,000
      Pending

      Two-Story Building with Ample Parking

      Two-story building with kitchen, walk-in cooler, generator, and parking.
      34375 S Gratiot Ave, Clinton Township, MI 48035
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,295 SF

      Prime Clinton Twp. Restaurant w/ Drive-Thru

      3,295 SF Freestanding Restaurant on 1.12 Acres
      34010 Southbound Gratiot Ave, Clinton Township, MI 48035
      View Details
    • $11 SF/Yr
      11,000 SF

      36470 Moravian Dr

      Restaurants • 11,000 SF
      36470 Moravian Dr, Clinton Township, MI 48035
      View Details
    • Contact for pricing
      3,295 SF

      Freestanding Restaurant with Drive-Thru

      3,295 SF restaurant with drive-thru on 1.12 acres.
      34010 S Gratiot Ave, Clinton Township, MI 48035
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space on Gratiot Avenue

      Retail space for lease with high traffic volume.
      35270-35330 S Gratiot Ave, Clinton Township, MI 48035
      View Details
    • Contact for pricing
      1,500 SF

      Retail End Cap Unit Available

      1,500 SF end cap unit in Clinton Township, MI.
      16601 Mile Rd, Clinton Township, MI 48035
      View Details
    • Contact for pricing

      Retail/Office Space on Groesbeck Hwy

      1,150 SF retail/office space for lease on Groesbeck Hwy.
      34010 Groesbeck Hwy, Clinton Township, MI 48035
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    34705 Southbound Gratiot Ave
    Clinton Township, MI 48035
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    34705 Southbound Gratiot Ave, Clinton Township, MI, 48035
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!