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Property profile & analytics
FOR SALE
Individual retail properties
34736 S Gratiot Ave Clinton Township, MI 48035
Entity Owned
3-yr Hold
Free & Clear
Property ID
US43-0129023
For Sale
1 / 5
$575,000
34736 S Gratiot Ave, Clinton Township, MI 48035
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Property summary
AI-generated overview
This 10,995-square-foot vacant storefront, located at 34736 Gratiot Ave in Clinton Township, Michigan (48035), presents a compelling owner-user or investment opportunity. The single-story, 1993-built building sits on a 0.64-acre lot and is zoned B-3. Previously used as a gym, the property boasts an open floor plan and is in excellent condition. With ample parking available, this Class C retail space offers significant potential. The asking price is $600,000, translating to $63.21 per square foot. The net rentable area is 10,995 square feet, encompassing a single unit within one building. This property is ideal for a variety of retail uses and represents a strong value in the Macomb County market. The property's APN is 11-34-203-051. This is a vacant property ready for immediate occupancy.
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1995
Total area
10,770 SF
Lot
0.64 ac (27,791 SF)
Zoning code
B-3
APN
16-11-34-203-051
UPID
US43-0129023
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
Skyline Buildags INC · 3 yrs held
Skyline Buildags INC
since 2023
7 recorded transactions
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)
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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
$13,402
Tax year 2022
Assessed value
$197,100
Assessed 2023
Previous assessed
$197,100
+0.0% YoY
Effective rate
6.80%
On assessed value
Total market value
$394,200
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
For Sale
Year built
1995
Heating
FORCED AIR
Stories
1
Total area
10,770 SF
Lot
0.64 ac (27,791 SF)
Zoning code
B-3
APN
16-11-34-203-051
UPID
US43-0129023
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
1995
Heating
FORCED AIR
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Skyline Buildags INC
Entity
Free & Clear · 3 yrs held
Mailing address
57538 S WINDHAM CT, WASHINGTON, MI 48094-3173
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2023
—
Skyline Buildags INC
Maga Holdings LLC
Deed
—
Feb 20, 2018
$155,000
Maga Holdings LLC
Ricma Properties LLC
Warranty Deed
related
—
Oct 18, 2017
—
Ricma LLC
Ermaco LLC
Quit Claim Deed
related
—
Jun 23, 2014
$139,000
Ermaco LLC
Commerce First Finl I LLC
Warranty Deed
—
Aug 28, 2013
$212,000
Commerce First Finl I LLC
Sheriff Of Macomb County
Trustees Deed
related
—
Sep 18, 2006
—
Gerald Burnosky
—
Trustees Deed
related
$625,000 · Main Street Bank
Mar 7, 2006
—
Gerald Burnosky
—
Trustees Deed
related
$550,000 · Main Street Bank
—
—
Gerald Burnosky
—
Deed Of Trust
related
$500,000 · Main Street Bank
—
—
Gerald Burnosky
—
Deed Of Trust
related
$627,409 · Commerce First Fin'l I LLC
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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