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Property profile & analytics
FOR SALE
Office buildings
34470 S Gratiot Ave Clinton Township, MI 48035
Trust Owned
2-yr Hold
Free & Clear
Property ID
US43-1030992
For Sale
1 / 10
$1,250,000
34470 S Gratiot Ave, Clinton Township, MI 48035
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Property summary
AI-generated overview
This exceptional investment opportunity presents a thriving, 100% occupied auto shop located at 34470 Gratiot Ave, Clinton Township, MI 48035. The property boasts a substantial 3,200 square feet of space situated on a 1.2-acre lot, offering ample room for over 60 vehicles. The single-story building, classified as Class C, features a two-bay detail shop, adding to its operational versatility. The property is zoned B-3 and benefits from excellent visibility due to its prime location on Gratiot Road. Priced at $1,400,000 ($437.50/sq ft), this is an owner-user opportunity with a Net Lease (NNN) structure. The property consists of one building with one unit, and the parcel includes APN numbers 16-11-34-179-024 and 16-11-34-179-008. This turnkey operation presents a strong return on investment for a discerning buyer seeking a well-established business in a high-traffic area of Macomb County, Michigan.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
1,760 SF
Lot
1.01 ac (44,083 SF)
Zoning code
B-3
APN
16-11-34-179-024
UPID
US43-1030992
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
Antonio Russo Trust · 2 yrs held
Antonio Russo Trust
since 2023
1 recorded transaction
Zoning & alternative use
B-3 · Clinton Township, 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 Clinton Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clinton Township 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
$10,721
Tax year 2022
Assessed value
$236,400
Assessed 2023
Previous assessed
$236,400
+0.0% YoY
Effective rate
4.54%
On assessed value
Total market value
$472,800
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
1986
Heating
FORCED AIR
Stories
1
Total area
1,760 SF
Lot
1.01 ac (44,083 SF)
Zoning code
B-3
APN
16-11-34-179-024
UPID
US43-1030992
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Clinton Township, MI
Zoning B-3 · permitted uses
B-3 · Clinton Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clinton Township. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Heating
FORCED AIR
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Antonio Russo Trust
Trust
Free & Clear · 2 yrs held
Mailing address
34486 S GRATIOT AVE, CLINTON TOWNSHIP, MI 48035-3539
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2023
—
Antonio Russo Trust
Antonio Russo
Intrafamily Transfer
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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