36454 Groesbeck HwyClinton Township, MI 48035

Property Details for 36454 Groesbeck Hwy

Year built

1966

Lot size

0.57 AC

Zone code

B-3

Property type

Other commercial real estate

APN

16-11-28-276-021

APU

161128276021

Description

This exceptional 5,600 square foot, multi-tenant retail shopping center presents a compelling investment opportunity in Clinton Township, Michigan. Located at 36454 Groesbeck Highway, this Class B property boasts 100% occupancy with four tenants: an urgent care facility, a pizza restaurant, a hair salon, and a smoke shop. The property features a newly renovated building (2022), including a new roof, parking lot, and LED lighting. The urgent care facility holds a triple-net (NNN) lease extending through 2029, with a five-year renewal option. The property sits on a 0.57-acre lot with 25 parking spaces and 147 feet of frontage on Groesbeck Highway, a high-traffic area with over 30,000 vehicles per day. The property's strong demographics are further enhanced by a population of nearly 100,000 within a three-mile radius. Built in 1965, this single-story building is zoned B3 and offers a strong net operating income (NOI) of $64,635, resulting in a 6.46% cap rate. The asking price is $1,000,000, or $178.57 per square foot. This core+ investment presents a rare opportunity to acquire a stable, high-performing retail property in a desirable location. The property's strong tenant mix, excellent visibility, and recent renovations make it an attractive investment for discerning buyers. The APN is 16-11-28-276-021.

• Alternative Use

  Use

  Valuation

  Residential

  $5,952,296

  Hospitality

  $5,452,272

  Educational

  $4,536,226

  Medical

  $4,692,234

  Retail

  $7,056,352

Location Insight

City

Clinton Township

County

Macomb

State

Michigan

Latitude

42.5653

Longitude

-82.9145

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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