Property profile

36366 Groesbeck Hwy Clinton Township, MI 48035

FOR SALE
Retail space
Property ID
US43-4960102
2,376 SF 0.57 ac lot Built 1969
Entity Owned Free & Clear
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Property summary

AI-generated overview

This freestanding, single-story commercial building at 36366 Groesbeck Highway in Clinton Township, Michigan, presents a compelling owner-user investment opportunity. Boasting 2,430 square feet on a 0.574-acre lot, this Class B property offers excellent visibility and accessibility. The building, constructed in 1969, benefits from recent upgrades including a new HVAC system (2020) and a new hot water tank (2021). Ten parking spaces are available for customers and employees. The property is zoned B-3, allowing for a variety of retail and office uses. Its strategic location provides easy access to Metropolitan Parkway (16 Mile Rd) and I-94, ensuring high traffic volume and convenient commutes. A large pole sign offers significant advertising potential. The property's single-unit configuration and ample parking make it an ideal choice for a variety of businesses seeking a prominent location in a thriving community. The asking price is $389,000. The parcel's APN is 16-11-28-276-007. This is a rare opportunity to acquire a well-maintained, conveniently located commercial property in Macomb County, Michigan, with significant upside potential.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1969
Total area 2,376 SF
Lot 0.57 ac (25,003 SF)
Zoning code B-3
APN 16-11-28-276-007
UPID US43-4960102

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
  • Photography Service (Bike/Boat/Book/etc) Store

Location

36366 Groesbeck Hwy Clinton Township, MI 48035
Clinton Township metro Census 241200 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
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Comparable Approach Comparable
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Blend (final) Blend
$300k

Owner & transaction history

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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