Property profile

44925 Groesbeck Hwy Clinton Township, MI 48036

OFF-MARKET
Bowling alleys
Property ID
US43-5235369
19,069 SF 2.66 ac lot Built 1974
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 18,791 square foot retail property located at 44925 N Groesbeck Highway in Clinton Township, Michigan, presents a rare redevelopment opportunity. Situated on a substantial 2.69-acre lot, this vacant building offers unparalleled visibility and accessibility. The property benefits from a prime location, easily accessible from both Hall Road and Groesbeck Highway, placing it within a high-traffic commercial corridor. Its B-3 (General Business) zoning allows for a diverse range of potential uses, catering to a variety of business ventures. The strategic location near the heavily trafficked I-94 & M-59 interchange in Southeast Michigan ensures significant exposure to a large customer base. Furthermore, the property enjoys proximity to major national retailers, including Walmart, The Home Depot, BJ's Wholesale Club, and Menards, creating a synergistic retail environment. This presents a unique chance to capitalize on a high-demand location and establish a thriving business within a well-established commercial area. The property's size and zoning provide flexibility for a wide array of development possibilities, making it an attractive investment for discerning buyers. The 48036 zip code further underscores its position within a thriving and densely populated region.

Property profile

Verified
Property type Bowling alleys
Use group BOWLING ALLEY
Year built 1974
Construction CONCRETE
Total area 19,069 SF
Lot 2.66 ac (116,087 SF)
Zoning code B-3
APN 16-11-02-200-053
UPID US43-5235369

Cap rate & NOI

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

Location

44925 Groesbeck Hwy Clinton Township, MI 48036-1126
Clinton Township metro Census 240000 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
$510k

Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
2013
$400,000
2007
$842,500

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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