95 Groesbeck HwyMount Clemens, MI 48043

Property Details for 95 Groesbeck Hwy

Year built

1985

Construction

CONCRETE BLOCKS

Lot size

0.17 AC

Property size (Sq ft)

3,528 SF

Zone code

GC

Property type

Retail space

APN

05-11-10-452-003

APU

51110452003

Description

This exceptional freestanding retail property, located at 95 N Groesbeck Hwy in Mt. Clemens, Michigan, presents a remarkable investment opportunity. Boasting 4,000 square feet of space on a 0.17-acre lot, this vacant building is zoned GC - General Commercial, offering a wide range of potential uses. Previously operated as a bakery/restaurant, the property includes existing equipment, providing a head start for a new business. Its highly visible location on Groesbeck Highway, with additional access from Cass Avenue, ensures significant exposure to high traffic counts. The property benefits from its close proximity to I-94 and Hall Road, two major thoroughfares providing easy access for customers and employees. The asking price is $450,000. This prime location in Macomb County, with its 48043 zip code, offers an unparalleled chance to establish or relocate a thriving business. The property's size and zoning make it suitable for a variety of commercial ventures. Don't miss this chance to own a well-situated, versatile commercial space in a bustling area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,078,646

  6.5%

  $995,673

  7%

  $924,553

• Comparable approach

  Method

  Valuation

  Relative Method

  $831,623

  Geo Method

  $831,623

• Alternative Use

  Use

  Valuation

  Residential

  $839,887

  Hospitality

  $769,332

  Educational

  $640,075

  Medical

  $662,089

  Retail

  $995,673

Location Insight

City

Mount Clemens

County

Macomb

State

Michigan

Latitude

42.5996

Longitude

-82.9002

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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