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    36217 Southbound Gratiot Ave, Clinton Township, MI 48035

    12,000 SF 1 ac lot Built 1976
    Property ID
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 36217 Southbound Gratiot Ave in Clinton Township, Michigan, presents a lucrative investment opportunity. The 12,000 square foot building, constructed in 1976 and extensively renovated in 2020, sits on a spacious lot ranging from one to 1.5 acres. Currently operating as a successful banquet center and restaurant, the property boasts the capacity to host over 400 guests simultaneously. The fully operational restaurant includes a separate, independent kitchen, ensuring efficient and versatile food service capabilities. Zoned for commercial use, this two-story building offers a single tenancy and is available for $2,300,000, translating to a price per square foot of $191.67. The property's prime location in Macomb County, Michigan, within the 48035 zip code, guarantees high visibility and accessibility. This owner-user investment is ideal for an entrepreneur seeking a turnkey operation with significant growth potential. The property's substantial size and established reputation make it a rare find in the market. The extensive renovation ensures modern amenities and functionality, minimizing immediate capital expenditure needs. This is a unique chance to acquire a thriving business with significant real estate value in a desirable location.

    Property profile
    Verified
    Property type Specialty properties
    Year built 1976
    Total area 12,000 SF
    Lot 1 ac (43,560 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
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    Zoning & alternative use
    Permitted uses
    Permitted uses
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