Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Retail properties & Spaces

    35250 Southbound Gratiot Ave, Clinton Township, MI 48035

    11,092 SF 1.34 ac lot Built 1998
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail opportunity presents a 11,092 square foot freestanding building, formerly a Rite Aid, available for sale or lease. Located at 35250 Southbound Gratiot Ave, Clinton Township, MI 48035, this Class A property boasts a prime location at the northeast quadrant of Gratiot Avenue and 15 Mile Road, directly across from Lowe's Home Improvement and a new Starbucks. The building features a convenient drive-thru and sits on a 1.34-acre lot with ample parking (52 spaces) and a large pylon sign ensuring high visibility. Benefitting from over 80,000 vehicles per day (VPD) on Gratiot Avenue, this property enjoys exceptional traffic counts and proximity to the Macomb Mall (over 5 million annual visitors) and the I-94 interchange. Built in 1998, the building is zoned B-3, allowing for a diverse range of commercial uses. The 2023 property taxes were approximately $28,506.91. This is a rare opportunity to acquire a well-situated, versatile commercial property in a high-traffic area with significant potential for growth. The asking price is $2,200,000.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1998
    Total area 11,092 SF
    Lot 1.34 ac (58,370 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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 35250 Southbound Gratiot Ave?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    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