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Property profile & analytics
FOR SALE
Office buildings
289 Southbound Gratiot Rd, Mount Clemens, MI 48043
Individually Owned
Free & Clear
Property ID
US43-0678347
For Sale
1 / 5
$225,000
289 Southbound Gratiot Rd, Mount Clemens, MI 48043
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Total area
2,000 SF
Lot
0.29 ac (12,763 SF)
Zoning code
MU
APN
05-11-14-379-013
UPID
US43-0678347
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
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ismail Jabbaar
Ismail Jabbaar
since 2025
Last sale
$120,000
3 recorded transactions
Zoning & alternative use
MU · Mount Clemens, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mount Clemens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Clemens submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$4,747
Tax year 2022
Assessed value
$83,800
Assessed 2023
Previous assessed
$110,200
-24.0% YoY
Effective rate
5.66%
On assessed value
Total market value
$167,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1971
Heating
FORCED AIR
Stories
1
Total area
2,000 SF
Lot
0.29 ac (12,763 SF)
Zoning code
MU
APN
05-11-14-379-013
UPID
US43-0678347
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
MU · Mount Clemens, MI
Zoning MU · permitted uses
MU · Mount Clemens, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Clemens. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Heating
FORCED AIR
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Ismail Jabbaar
Individual
Free & Clear · 0 yrs held
Mailing address
57538 WINDHAM CT, WASHINGTON, MI 48094-3173
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2025
—
Ismail Jabbaar
Skyline Buildings INC
Deed
related
—
Apr 28, 2022
$120,000
Skyline Buildings INC
Doe Holdings LLC
Warranty Deed
—
Nov 14, 2006
—
Doe Holdings LLC
Kuchenmeister D M Trust
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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