Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    289 Southbound Gratiot Ave Mount Clemens, MI 48043
    Back to Search
    Property profile & analytics

    289 Southbound Gratiot Ave Mount Clemens, MI 48043

    View on Map
    • Office buildings
    • 2,000 SF
    • 0.29 lot acres
    For Sale
    $225,000
    View Listing →
    Mount Clemens Office Investment Opportunity For Sale
    $225,000
    2,000 SF

    Mount Clemens Office Investment Opportunity

    Office building in Mount Clemens with ample parking and easy access.

    289 Southbound Gratiot, Mount Clemens, MI 48043
    View Listing
    Property ID
    US43-0678347
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 289 Southbound Gratiot Ave

    Year built
    1971
    Lot size
    0.29 lot acres
    Property size
    2,000 SF
    Zone code
    MU
    Property type
    Office buildings
    APN
    05-11-14-379-013
    APU
    51114379013

    Description

    This exceptional investment opportunity presents a 2,000 square foot creative office building located at 285 Southbound Gratiot Ave, Mt. Clemens, MI 48043. The property, situated on a 0.29-acre lot (APN: 05-11-14-379-013), boasts a 100% occupancy rate with a single tenant under a gross lease. The building, constructed in 1971, is a single-story Class B structure and features ample parking. The asking price is $299,000, translating to a price per square foot of $149.50 and an attractive 10.40% cap rate. The property is zoned MU and offers easy access to both southbound and northbound Gratiot Avenue. Recent building renovations enhance its appeal. This is a turnkey investment perfect for a discerning buyer seeking a stable, high-return asset in a convenient location within Macomb County, Michigan. The net rentable area is 2,000 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mount Clemens
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8821
    Latitude
    42.5868
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $4,747
    $0.00
    $0.00
    $83,800
    -
    $0.00
    $0.00
    $167,600

    Comparable in this City

    • Value Estimation by Request
      6,037 SF

      235 Groesbeck Hwy

      OFFICE BUILDING • 6,037 SF
      235 Groesbeck Hwy, Mount Clemens, MI 48043-1524
      View Details
    • Value Estimation by Request
      1,046 SF

      67 Cass Ave, Unit 14

      OFFICE BUILDING • 1,046 SF
      67 Cass Ave, Mount Clemens, MI 48043-2347
      View Details
    • Value Estimation by Request
      2,125 SF

      67 Cass Ave, Unit 18

      OFFICE BUILDING • 2,125 SF
      67 Cass Ave, Mount Clemens, MI 48043-2347
      View Details
    • Value Estimation by Request
      1,039 SF

      67 Cass Ave, Unit 23

      OFFICE BUILDING • 1,039 SF
      67 Cass Ave, Mount Clemens, MI 48043-2347
      View Details
    • Value Estimation by Request
      1,439 SF

      67 Cass Ave, Unit 39

      OFFICE BUILDING • 1,439 SF
      67 Cass Ave, Mount Clemens, MI 48043-2347
      View Details
    • Value Estimation by Request
      2,925 SF

      411 Cass Ave

      OFFICE BUILDING • 2,925 SF
      411 Cass Ave, Mount Clemens, MI 48043-2117
      View Details

    Similar Nearby for Sale

    • $475,000
      3,934 SF

      Historic Office and Retail Building

      Historic Mt. Clemens building suitable for office or retail.
      56 Macomb Pl, Mount Clemens, MI 48043
      View Details
    • $310,000

      Updated Office Building For Sale

      2,204 SF office building in downtown Mount Clemens.
      Mt, Mount Clemens, MI 48043
      View Details
    • $225,000
      2,000 SF

      Mount Clemens Office Investment Opportunity

      Office building in Mount Clemens with ample parking and easy access.
      289 Southbound Gratiot Ave, Mount Clemens, MI 48043
      View Details
    • Contact for pricing
      3,298 SF

      Mount Clemens Professional Office Building

      Versatile professional office building on Gratiot Avenue for sale.
      253 Southbound Gratiot Ave, Mount Clemens, MI 48043
      View Details
    • $324,900
      2,326 SF

      Remodeled Multi-Family Property, Mount Clemens

      Move-in ready, remodeled multi-family property suitable for residential or commercial use.
      273 Southbound Gratiot Ave, Mount Clemens, MI 48043
      View Details
    • $310,000
      2,204 SF

      Downtown Mount Clemens Office Opportunity

      2,204 SF office space for sale in downtown Mount Clemens.
      117 Crocker Blvd, Mount Clemens, MI 48043
      View Details

    Similar Nearby for Lease

    • $1,974 /Mo

      Downtown Mount Clemens Office Space

      Professionally managed office building in walkable downtown location.
      10 S Main St, Mount Clemens, MI 48043
      View Details
    • Contact for pricing

      Mount Clemens Office/Retail Space

      Office and retail spaces available in Mount Clemens, Michigan.
      75 N River Rd, Mount Clemens, MI 48043
      View Details
    • $950 /Mo

      Professional Office Space in Mt. Clemens

      Office suite near municipal buildings and thriving restaurants for lease.
      148 S Main St, Mount Clemens, MI 48043
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    289 Southbound Gratiot Ave
    Mount Clemens, MI 48043
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    289 Southbound Gratiot Ave, Mount Clemens, MI, 48043
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!