38116-38160 S Gratiot Ave - Freestanding FOR SALE


Clinton Township, MI 48036
$700,000 USD
586-203-3263
38116-38160 S Gratiot Ave, Clinton Township, MI for Sale
$700,000 USD
Freestanding - FOR SALE
1/19
null | Request Cap Rate

38116-38160 S Gratiot Ave
Clinton Township, MI 48036


HIGHLIGHTS

  • Positioned at the corner of Gratiot Avenue and Iroquois Street, with 15,772 VPD, delivering strong visibility within a proven retail corridor.
  • Well-located 21,558-SF retail asset in Clinton Township offering flexibility for investors and owner/users seeking long-term upside potential.
  • Minutes from Target, Lowe’s, Kohl’s, and Clinton Pointe, benefiting from strong co-tenancy and consistent consumer traffic across the trade area.
  • B-1 zoning supports a range of retail and office uses, including single-user repositioning to accommodate evolving occupancy strategies.
  • Proximity to established residential communities reinforces a built-in customer base and supports long-term stability for retail tenancy.
  • Strong surrounding demographics with over 205,600 residents and $2.6B in annual consumer spending support sustained retail demand in the trade area.

OVERVIEW

Clinton Commons Shopping Center presents a well-located retail asset in Clinton Township, ideal for both investors and owner/users seeking long-term upside. The property consists of a 21,558-square-foot retail building situated along Gratiot Avenue, offering strong visibility and accessibility within an established commercial corridor. Positioned as a multi-tenant retail asset, the building’s B-1 zoning and versatile layout allow for a range of uses, including retail, office, or potential single-user reconfiguration. Investors can capitalize on lease-up and repositioning opportunities, while owner/users have the ability to occupy the space and customize it to fit operational needs. Located at the corner of Gratiot Avenue and Iroquois Street, the property benefits from a combined traffic count of 15,772 vehicles per day (VPD) at the intersection, supporting strong connectivity throughout the North Suburban Detroit market within the broader Macomb County trade area. The site is just minutes from Target, Lowe’s, Kohl’s, and the Clinton Pointe shopping center, reinforcing strong co-tenancy and steady consumer traffic. Within a 5-mile radius, the area includes more than 205,600 residents, with projected annual growth and an average household income of $91,049. Consumer spending exceeded $2.6 billion annually, reflecting an active consumer base and supporting strong retail demand. This prime location presents a unique opportunity to be a part of a dynamic and expanding business community.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$32 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Clinton Commons Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

C-2

APN/PARCEL ID

16-11-23-179-006

ASK ABOUT THIS PROPERTY

Brenda AsmarNAI FarbmanMore Info
586-203-3263

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Brenda AsmarNAI FarbmanMore Info
586-203-3263

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.