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Property profile

35250 Southbound Gratiot Ave Clinton Township, MI 48035

OFF-MARKET
Retail properties & Spaces
11,092 SF 1.34 ac lot Built 1998
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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

Location

35250 Southbound Gratiot Ave Clinton Township, MI 48035
Clinton Township metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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