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    Property profile & analytics

    33500 Gratiot Ave Clinton Township, MI 48035-4041

    This property, suitable for leasing, is located on Gratiot Avenue, north of 14 Mile Road, and features 281 feet of road frontage on the east side of Gratiot Avenue. The paved lot provides parking and display space for approximately 80 vehicles. The property is zoned B-3 General Business District, permitting various principal uses such as office buildings, medical offices, banks, drive-through facilities, commercial towers, funeral homes, child care centers, schools, catering/banquet facilities, athletic clubs, veterinary offices, restaurants, dry cleaning services, florists, auto sales, auto service, auto wash facilities, hotels/motels, and lawn/garden supply businesses. Special Use Permits are required for auto body shops, gas stations, fast food restaurants, recreational vehicle storage, and adult businesses such as pawn shops, check cashing services, and resale shops. The property includes a 1211 square foot building on a 0.77-acre lot.
    • Parking lots & garages
    • 875 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimation
    $515,000
    Last Sale
    May 20, 2025
    $645,000
    Location Intelligence
    Property ID
    US43-4248682
    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.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 33500 Gratiot Ave

    Year built
    1969
    Lot size
    0.77 lot acres
    Property size
    875 SF
    Zone code
    B-3
    Property type
    Parking lots & garages
    APN
    16-11-34-356-006
    APU
    161134356006

    Property Overview

    This property, suitable for leasing, is located on Gratiot Avenue, north of 14 Mile Road, and features 281 feet of road frontage on the east side of Gratiot Avenue. The paved lot provides parking and display space for approximately 80 vehicles. The property is zoned B-3 General Business District, permitting various principal uses such as office buildings, medical offices, banks, drive-through facilities, commercial towers, funeral homes, child care centers, schools, catering/banquet facilities, athletic clubs, veterinary offices, restaurants, dry cleaning services, florists, auto sales, auto service, auto wash facilities, hotels/motels, and lawn/garden supply businesses. Special Use Permits are required for auto body shops, gas stations, fast food restaurants, recreational vehicle storage, and adult businesses such as pawn shops, check cashing services, and resale shops. The property includes a 1211 square foot building on a 0.77-acre lot.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $520,000

    • CAP approach

      CAP return
      Estimation
      6%
      $515,000
      6.5%
      $480,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $505,000
      Geo Method
      $525,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $460,000
      Retail
      $440,000
      Mixed-Use
      $455,000
      Hospitality
      $425,000
      Educational
      $565,000
      Residential Income
      $565,000
      Energy
      $520,000
      Income-Based Land
      $565,000
      Food Service
      $500,000

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9066
    Latitude
    42.5423
    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
    $6,051
    $0.00
    $0.00
    $153,000
    -
    $0.00
    $0.00
    $306,000

    Comparable in this City

    • Value Estimation by Request
      960 SF

      Clinton Township, MI 48035

      RESIDENTIAL PARKING GARAGE • 960 SF
      Clinton Township, MI 48035
      View Details
    • Value Estimation by Request
      256 SF

      36333 Garfield Rd

      RESIDENTIAL PARKING GARAGE • 256 SF
      36333 Garfield Rd, Clinton Township, MI 48035-1176
      View Details
    • Value Estimation by Request
      0.10 Acres

      21300 15th Mile Rd

      VACANT COMMERCIAL LAND • 0.10 Acres
      21300 15th Mile Rd, Clinton Township, MI 48035-3512
      View Details
    • Value Estimation by Request
      0.15 Acres

      15 Mile Rd

      VACANT COMMERCIAL LAND • 0.15 Acres
      15 Mile Rd, Clinton Twp, MI 48035
      View Details
    • Value Estimation by Request
      0.17 Acres

      35122 Cordelia St

      INDUSTRIAL - VACANT LAND • 0.17 Acres
      35122 Cordelia St, Clinton Township, MI 48035-2816
      View Details
    • Value Estimation by Request
      1.31 Acres

      22547 Quinn Rd

      COMMERCIAL (GENERAL) • 1.31 Acres
      22547 Quinn Rd, Clinton Township, MI 48035-3653
      View Details

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    Similar Nearby for Lease

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    Clinton Township, MI 48035-4041
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    Realmo Value Estimation

    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.

    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.

    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
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