36366 Groesbeck HwyClinton Township, MI 48035

Property Details for 36366 Groesbeck Hwy

Year built

1969

Lot size

0.57 AC

Property size (Sq ft)

2,376 SF

Zone code

B-3

Property type

Retail properties

Property subtype

Retail space

APN

16-11-28-276-007

APU

161128276007

Description

This freestanding, single-story commercial building at 36366 Groesbeck Highway in Clinton Township, Michigan, presents a compelling owner-user investment opportunity. Boasting 2,430 square feet on a 0.574-acre lot, this Class B property offers excellent visibility and accessibility. The building, constructed in 1969, benefits from recent upgrades including a new HVAC system (2020) and a new hot water tank (2021). Ten parking spaces are available for customers and employees. The property is zoned B-3, allowing for a variety of retail and office uses. Its strategic location provides easy access to Metropolitan Parkway (16 Mile Rd) and I-94, ensuring high traffic volume and convenient commutes. A large pole sign offers significant advertising potential. The property's single-unit configuration and ample parking make it an ideal choice for a variety of businesses seeking a prominent location in a thriving community. The asking price is $389,000. The parcel's APN is 16-11-28-276-007. This is a rare opportunity to acquire a well-maintained, conveniently located commercial property in Macomb County, Michigan, with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $726,435

  6.5%

  $670,555

  7%

  $622,658

• Comparable approach

  Method

  Valuation

  Relative Method

  $560,073

  Geo Method

  $560,073

• Alternative Use

  Use

  Valuation

  Residential

  $565,638

  Hospitality

  $518,122

  Educational

  $431,071

  Medical

  $445,896

  Retail

  $670,555

Location Insight

City

Clinton Township

County

Macomb

State

Michigan

Latitude

42.5646

Longitude

-82.915

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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