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    Property profile & analytics
    OFF-MARKET Estimated value $5,190,000
    Outlet malls

    34800 Groesbeck Hwy, Clinton Township, MI 48035-3365

    113,950 SF 12.05 ac lot Built 1970
    Entity Owned 16-yr Hold ~ Est. High Equity
    Property ID
    US43-0782559
    Property summary
    AI-generated overview

    This exceptional 115,000 square foot retail property, formerly a K-Mart, presents a unique investment opportunity in Clinton Township, Michigan. Located at 34800 Groesbeck Highway, this prominent outparcel/pad site boasts a highly visible corner location at the intersection of 15 Mile and Groesbeck Highway, ensuring maximum exposure to high traffic volume. The entire space is currently vacant, offering a blank canvas for a wide range of retail uses. The property features ample parking to accommodate customers and employees, a significant advantage in today's market. Further enhancing its functionality, two convenient truck wells are situated at the rear of the building, providing easy access for deliveries and efficient logistical operations. This substantial space is available for both sale and lease, making it an attractive proposition for various business models and investment strategies. The property's size and location make it ideal for large-format retailers, distribution centers, or multi-tenant developments. With its strategic location and significant square footage, this property represents a rare opportunity to establish a strong presence in a thriving Michigan market. The property's address is 34800 Groesbeck Hwy, Clinton Twp, MI 48035.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1970
    Total area 113,950 SF
    Lot 12.05 ac (524,811 SF)
    Zoning code B-3
    APN 16-11-33-126-006
    UPID US43-0782559
    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
    $5.19M
    Blend (final) Blend
    $5.19M
    Owner & transaction history
    Holdings LP Groesbeck · 16 yrs held
    Holdings LP Groesbeck
    since 2009
    1 recorded transaction
    2009
    Zoning & alternative use
    B-3 · Clinton Township, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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