Property profile

34800 Groesbeck Hwy Clinton Township, MI 48035

FOR SALE
Outlet malls
Property ID
US43-0782559
113,950 SF 12.05 ac lot Built 1970
Entity Owned 16-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Pharmacy
  • Home Appliance Store

Location

34800 Groesbeck Hwy Clinton Township, MI 48035
Clinton Township metro Census 241600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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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

since 2009
1 recorded transaction
2009
Price N/A

Zoning & alternative use

B-3 · Clinton Township, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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