Property summary
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
VerifiedCap rate & NOI
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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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Clinton Township, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for B-1 in Clinton Township, MI.
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