Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    37601 Southbound Gratiot Ave Clinton Township, MI 48036
    Back to Search
    Property profile & analytics

    37601 Southbound Gratiot Ave Clinton Township, MI 48036

    View on Map
    • Lifestyle centers
    • 23,397 SF
    • 1.95 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 37601 Southbound Gratiot Ave

    Year built
    1975
    Lot size
    1.95 lot acres
    Property size
    23,397 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Ingleside Center, located at 37601 Southbound Gratiot Ave in Clinton Township, Michigan 48036, presents a prime retail investment opportunity. This 23,397 square foot shopping center, built in 1975, sits on a 1.95-acre lot and offers exceptional visibility due to its ample frontage on Gratiot Avenue, a road with extremely high traffic counts. The property boasts a large monument sign, ensuring phenomenal commercial exposure for tenants. Currently, the center houses Rent-A-Center and Lucky Nails, among other businesses. There are also two immediately available spaces: a 1,500 square foot unit and a 7,000 square foot unit, which can be combined for a total of 8,500 square feet. The property features abundant parking and provides easy access with smooth ingress and egress. The asking price for the entire shopping center is $1,690,000. Competitive lease rates are available for the vacant spaces. This property is ideal for investors seeking a strong retail presence in a high-traffic area with significant growth potential. The property's location in Macomb County, Michigan, offers convenient access to major roadways and a dense residential population.

    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
    -82.8908
    Latitude
    42.574

    Comparable in this City

    • Value Estimation by Request
      21,756 SF

      44905 Morley Dr

      Lifestyle centers • 21,756 SF
      44905 Morley Dr, Clinton Township, MI 48036
      View Details
    • Value Estimation by Request
      21,756 SF

      44905 Morley Dr

      Lifestyle centers • 21,756 SF
      44905 Morley Dr, Clinton Township, MI 48036
      View Details
    • Value Estimation by Request

      40445 Groesbeck Hwy

      Lifestyle centers
      40445 Groesbeck Hwy, Clinton Township, MI 48036
      View Details
    • Value Estimation by Request
      7,200 SF

      37462 Harper Ave

      Neighborhood centers • 7,200 SF
      37462 Harper Ave, Clinton Township, MI 48036
      View Details
    • Value Estimation by Request
      14,080 SF

      37239 Groesbeck Hwy

      Neighborhood centers • 14,080 SF
      37239 Groesbeck Hwy, Clinton Township, MI 48036
      View Details
    • Value Estimation by Request
      1,929 SF

      37710 Southbound Gratiot Ave

      Restaurants • 1,929 SF
      37710 Southbound Gratiot Ave, Clinton Township, MI 48036
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,929 SF

      Freestanding Drive-Thru Property For Sale

      Freestanding drive-thru property with substantial parking and monument signage.
      37710 S Gratiot Ave, Clinton Township, MI 48036
      View Details
    • Contact for pricing

      Updated Parkway Plaza Retail Opportunity

      Retail space available in newly renovated Parkway Plaza shopping center.
      37187 S Groesbeck Hwy, Clinton Township, MI 48036
      View Details
    • $1,690,000
      6,062 SF

      23,397 SF Shopping Center

      Shopping center with high traffic, ample parking, and easy access.
      37701 S Gratiot Ave, Clinton Township, MI 48036
      View Details
    • Contact for pricing
      14,000 SF

      Renovated Retail Center For Sale

      Fully renovated retail center with high occupancy and long-term investment potential.
      37235-45 S Groesbeck Hwy, Clinton Twp, MI 48036
      View Details
    • New
      Contact for pricing
      21,756 SF

      Turn-key Restaurant in Clinton Township

      Restaurant space with FF&E and liquor license available for rent.
      44875-44905 Morley Dr, Clinton Township, MI 48036
      View Details
    • $3,500,000

      Hall Road Commercial Property

      Versatile property suitable for office, medical, flex, industrial, retail.
      22550 Hall Rd, Clinton Township, MI 48036
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,945 SF

      Retail Suites For Lease

      Retail suites available for lease in a busy strip center.
      37005 Gratiot Ave, Clinton Township, MI 48036
      View Details
    • $15 SF/Yr

      Retail Space on Harper Avenue

      Well-maintained shopping center with 1,800 SF unit for lease.
      37507-37527 Harper Ave, Clinton Township, MI 48036
      View Details
    • $1,400 /Mo
      1,400 SF

      Turnkey Retail Location For Rent

      Move-in ready retail space with high visibility and ample parking.
      37239 S Groesbeck Hwy, Clinton Township, MI 48036
      View Details
    • $1,100 /Mo

      Retail Space on Gratiot Avenue

      Retail space available in high-traffic area on Gratiot Avenue.
      44623 N Gratiot Ave, Clinton Township, MI 48036
      View Details
    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail opportunity with high visibility and customer traffic.
      40445 S Groesbeck Hwy, Clinton Twp, MI 48036
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail spaces available for lease in Clinton Township, Michigan.
      37601-37569 S Gratiot Ave, Clinton Township, MI 48036
      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.
    37601 Southbound Gratiot Ave
    Clinton Township, MI 48036
    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
    37601 Southbound Gratiot Ave, Clinton Township, MI, 48036
    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!