Property profile

20521 15th Mile Rd Clinton Township, MI 48035

OFF-MARKET
Retail space
Property ID
US43-1143817
2,400 SF 0.6 ac lot Built 1968
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

Park Plaza, a recently renovated retail strip center in Clinton Township, Michigan, offers three available commercial spaces totaling 4,200 square feet. Located at 20521 15 Mile Road, between Groesbeck Highway and Gratiot Avenue, this B2-zoned property boasts ample parking and multiple curb cuts for convenient access. Each suite is divisible, with a minimum of 900 square feet and a maximum contiguous space of 2,400 square feet. The property benefits from prominent pylon signage, enhancing visibility for tenants. Its strategic location is surrounded by a high-density residential area and is just one block from Clintondale High School, ensuring a consistent flow of potential customers. The entire 4,200 square foot building is currently vacant, presenting a unique opportunity for businesses seeking high-traffic retail space in a thriving community. The property is situated in Macomb County, Michigan, with a zip code of 48035. This prime location offers excellent visibility and accessibility, making it an ideal choice for a variety of retail businesses. The ample parking ensures convenient access for customers and employees alike.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1968
Total area 2,400 SF
Lot 0.6 ac (26,136 SF)
Zoning code B-2
APN 16-11-28-480-028
UPID US43-1143817

Cap rate & NOI

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

Location

20521 15th Mile Rd Clinton Township, MI 48035-3422
Clinton Township metro Census 241200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$120k

Owner & transaction history

since 2021
Last sale
$100,000
3 recorded transactions
2021
$100,000
2014
Price N/A
2006
Price N/A

Zoning & alternative use

B-2 · Clinton Township, MI

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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