Property profile

35 N Walnut St Mount Clemens, MI 48043

FOR LEASE
Retail space
Property ID
US43-1225162
7,072 SF 0.13 ac lot Built 1900
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 6,741 square foot retail space is available for lease at 35 N Walnut Street in the heart of Mount Clemens, Michigan. Located in the CB Central Business zoning district of Macomb County, this single-tenant property offers significant potential for a variety of businesses. The building's total square footage is 6,741 square feet, all of which is currently vacant, providing a blank canvas for your ideal retail operation. The property includes convenient on-site parking with four spaces available for customers and employees. Its prime location in Mount Clemens offers excellent visibility and accessibility, ensuring high foot traffic and easy access for customers. The address is 35 N Walnut St, Mount Clemens, MI 48043. This property presents a unique opportunity for a business seeking a well-located, spacious retail space in a thriving community. The building's size and layout offer flexibility for customization to suit specific business needs. With its central business zoning, a wide range of retail uses are permitted, subject to local regulations. The ample vacant space allows for a complete design and build-out to perfectly match your business requirements. The four parking spaces provide convenient parking for customers and staff. This is an excellent opportunity to establish a strong retail presence in a desirable location. Serious inquiries are encouraged to explore this exceptional retail space.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 7,072 SF
Lot 0.13 ac (5,706 SF)
Zoning code CB
APN 05-11-14-208-003
UPID US43-1225162

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

35 N Walnut St Mount Clemens, MI 48043
Mount Clemens metro Census 245100 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
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2019
4 recorded transactions
2019
Price N/A
2007
Price N/A
2004
Price N/A
1969
Price N/A

Zoning & alternative use

CB · Mount Clemens, MI
Zoning description

Central Business (CB) Minor - - Industrial (I-1, I-2) Major Major Minor Minor 1 In instances where a "protected use" is developed adjacent to and after the use which is intended to provide the screening, the "protected u…

General category MIXED_USE

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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