Entity Owned Property summary
This exceptional 4,560 square foot retail building is strategically located on the highly trafficked Gratiot Avenue corridor in Mount Clemens, Michigan. Built in 1962, this three-story Class C commercial property offers a unique quad-level design, creating an open and airy business environment with high vaulted ceilings. The building sits on a 0.23-acre lot (approximately 100ft x 100ft) and includes 12 parking spaces. The property features a sizable basement of approximately 1,000+ square feet, adding significant storage or expansion potential. Internal amenities include three restrooms, one equipped with a shower, and robust 480-amp three-phase power. The property is zoned GC - General Commercial, providing flexibility for a variety of uses. Its convenient location offers close proximity to downtown Mount Clemens and the I-94 Expressway, ensuring excellent visibility and accessibility. The asking price is $445,000, translating to $97.59 per square foot. The property's parcel number (APN) is 05-11-23-154-011. This presents a compelling investment opportunity for a small business seeking a prominent location with ample space and unique features.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Commercial/Office (MU, GC) Major Major Minor Major Central Business (CB) Minor - - Industrial (I-1, I-2) Major Major Minor Minor 1 In instances where a "protected use" is developed adjacent to and after the use which is…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
GC · Mount Clemens, MICommercial/Office (MU, GC) Major Major Minor Major Central Business (CB) Minor - - Industrial (I-1, I-2) Major Major Minor Minor 1 In instances where a "protected use" is developed adjacent to and after the use which is…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Commercial/Office (MU, GC) Major Major Minor Major Central Business (CB) Minor - - Industrial (I-1, I-2) Major Major Minor Minor 1 In instances where a "protected use" is developed adjacent to and after the use which is…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GC in Mount Clemens, MI.
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