Property summary
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
VerifiedCap rate & NOI
Current use
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Pharmacy
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Home Appliance Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Clinton Township, MIZoning
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Zoning designation
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The district profile from the municipal source: what is on file for B-3 in Clinton Township, MI.
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