Property profile

36 New St Mount Clemens, MI 48043

OFF-MARKET
Retail properties & Spaces
Built 1900
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Property summary

AI-generated overview

This exceptional 1,652 square foot commercial space is ideally situated in the heart of downtown Mount Clemens, Michigan, at 36 New Street (cross street: Main Street), within the Time Square Building. This single-tenant space, encompassing units 103 and 104, is perfect for a variety of uses, including retail, traditional office, medical office, creative office, or executive office settings. The building, constructed in 1900 and renovated in 2000, is a two-story structure. The property is zoned for commercial, office, and retail use. Benefit from the upcoming $1.6 million improvements planned for the nearby Cherry Street Mall in 2025, positioning your business for growth in a revitalizing area. The space is conveniently located near the Macomb County Court Building, County Municipal Offices, and City Center Park, offering high visibility and accessibility. Recent building improvements include a new roof and serviced/tested HVAC systems. Utilities—gas/heating, electricity, and water—are included in the lease price. This presents a unique opportunity for businesses seeking a prime location in a thriving downtown setting. No parking spaces are available on-site.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1900

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

36 New St Mount Clemens, MI 48043
Mount Clemens metro
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Value estimations

Realmo proprietary · 4 methods
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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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