Property profile

38116 Gratiot Ave Clinton Township, MI 48036

OFF-MARKET
Commercial real estate
Property ID
US43-0979148
2.1 ac lot Built 1976
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional owner-user investment opportunity presents a 12,000-square-foot medical office building situated on a 2.057-acre lot in Clinton Township, Michigan. The single-story, Class B building, constructed in 1976, boasts a prime location on Gratiot Avenue, offering excellent visibility and ample parking. The property is zoned B-1 and features multiple square footage possibilities, making it ideal for a variety of medical practices or related businesses. The asking price is $495,000, translating to $41.25 per square foot. This presents a strong value proposition for an owner-operator or investor seeking a well-located, established medical office building with significant potential. The property's address is 38116 S Gratiot Ave, Clinton Twp, MI 48036, and its APN is 16-11-23-179-006. The property offers a significant opportunity for growth and expansion within a thriving community. Further details are available upon request.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1976
Lot 2.1 ac (91,345 SF)
Zoning code B-1
APN 16-11-23-179-006
UPID US43-0979148

Cap rate & NOI

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

Location

38116 Gratiot Ave Clinton Township, MI 48036-3591
Clinton Township metro Census 241000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2025
2 recorded transactions
2025
$460,000
2024
Price N/A

Zoning & alternative use

B-1 · 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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