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Property profile & analytics
OFF-MARKET
Retail space

20521 15th Mile Rd Clinton Township, MI 48035-3422

2,400 SF 0.6 ac lot Built 1968
Entity Owned 5-yr Hold Free & Clear
Property ID
US43-1143817
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Abro Fourteen 20521 15 Mile LLC · 5 yrs held
Abro Fourteen 20521 15 Mile LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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