For Sale
$299,000

285 Southbound Gratiot Ave Mount Clemens, MI 48043

Prime single-tenant office investment. High cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 2,000 square foot creative office building located at 285 Southbound Gratiot Ave, Mt. Clemens, MI 48043. The property, situated on a 0.29-acre lot (APN: 05-11-14-379-013), boasts a 100% occupancy rate with a single tenant under a gross lease. The building, constructed in 1971, is a single-story Class B structure and features ample parking. The asking price is $299,000, translating to a price per square foot of $149.50 and an attractive 10.40% cap rate. The property is zoned MU and offers easy access to both southbound and northbound Gratiot Avenue. Recent building renovations enhance its appeal. This is a turnkey investment perfect for a discerning buyer seeking a stable, high-return asset in a convenient location within Macomb County, Michigan. The net rentable area is 2,000 square feet.

Highlights

  • Single-tenant, 2,000 SF office building investment opportunity.
  • Ample parking.
  • Excellent access to Gratiot Avenue (both directions).
  • Recently renovated.

Property Details for 285 Southbound Gratiot Ave

Property type
Office properties, Office space
Square Feet
2,000 SF
Class
B
Year Built
1971
Buildings
1
Stories
1
Lot Size (sq. ft)
12,632 SF
Units
1

Location Insight

City
Mount Clemens
County
Macomb
State
Michigan
Latitude
42.58698454
Longitude
-82.88267476

FAQs

What type of property is this?
Office property - Prime single-tenant office investment. High cap rate.
Where is the office property located?
The property is located at 285 Southbound Gratiot Ave Mount Clemens, MI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Single-tenant, 2,000 SF office building investment opportunity.; Ample parking.; Excellent access to Gratiot Avenue (both directions).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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285 Southbound Gratiot Ave
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