36 New St, Mount Clemens, MI 48043
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.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.