35250 Southbound Gratiot Ave, Clinton Township, MI 48035
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.