34800 Groesbeck HwyClinton Township, MI 48035

Property Details for 34800 Groesbeck Hwy

Year built

1970

Lot size

12.05 AC

Property size (Sq ft)

113,950 SF

Zone code

B-3

Property type

Outlet malls

APN

16-11-33-126-006

APU

161133126006

Description

This exceptional 115,000 square foot retail property, formerly a K-Mart, presents a unique investment opportunity in Clinton Township, Michigan. Located at 34800 Groesbeck Highway, this prominent outparcel/pad site boasts a highly visible corner location at the intersection of 15 Mile and Groesbeck Highway, ensuring maximum exposure to high traffic volume. The entire space is currently vacant, offering a blank canvas for a wide range of retail uses. The property features ample parking to accommodate customers and employees, a significant advantage in today's market. Further enhancing its functionality, two convenient truck wells are situated at the rear of the building, providing easy access for deliveries and efficient logistical operations. This substantial space is available for both sale and lease, making it an attractive proposition for various business models and investment strategies. The property's size and location make it ideal for large-format retailers, distribution centers, or multi-tenant developments. With its strategic location and significant square footage, this property represents a rare opportunity to establish a strong presence in a thriving Michigan market. The property's address is 34800 Groesbeck Hwy, Clinton Twp, MI 48035.

• CAP approach

  CAP return

  Valuation

  6%

  $34,838,908

  6.5%

  $32,158,990

  7%

  $29,861,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,860,386

  Geo Method

  $26,860,386

• Alternative Use

  Use

  Valuation

  Residential

  $27,127,312

  Hospitality

  $24,848,472

  Educational

  $20,673,636

  Medical

  $21,384,634

  Retail

  $32,158,990

Location Insight

City

Clinton Township

County

Macomb

State

Michigan

Latitude

42.5517

Longitude

-82.9242

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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