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Financial
Distress signals
Property profile

289 Southbound Gratiot Rd Mount Clemens, MI 48043

FOR SALE
Office buildings
Property ID
US43-0678347
2,000 SF 0.29 ac lot Built 1971
Last sale Apr 2022 · $120,000
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$5k
Tax billed · 2022
Assessed value · 2023$84k
Effective rate5.66%

Value estimate

· Oct 2026
$120k
$108k – $132k
NOI build-up
Gross scheduled income$12k
Vacancy & credit loss−$3k
Operating expenses−$2k
NOI · 3.06% cap applied$7k

Realmo valuation models over county records and 22 qualifying comparable sales.

Recently sold

What actually traded nearby?
$59/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$42 – $73
Qualifying comparables22

Cap rate analysis

How does the asset earn?
3.06%
$7k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MU
Commercial/Office (MU, GC) Major Major Minor Major Central Business (CB) Minor - - Industrial (I-1, I-2) Major Major Minor Minor 1 In ins...
General categoryMIXED_USE
JurisdictionMACOMB

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon13.3
Nail Salon13.1
Skin Care Clinic12.3

Location

289 Southbound Gratiot Rd Mount Clemens, MI 48043
County assessor Recorded deeds · 3 transfers 22 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
258 Nn, Mount Clemens, MI 48043-1768 $265,000 Oct 2025 2,730 SF
130 Cass, Mount Clemens, MI 48043-2230 $175,000 Jun 2024 2,379 SF
102 Nn, Mount Clemens, MI 48043-5527 $195,000 Apr 2023 1,620 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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