This Retail Property is Off-Market.

395 N Groesbeck Hwy
Mount Clemens, MI 48043 ·

26,544 SF · Retail For Sale

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Stone Ridge Plaza

Price N/A Property Use Type Vacant/Owner-User
Gross Leasable Area 26,544 SF Year Built 2005
Property Type Retail Lot Size 4.58 AC
Property Sub-type Strip Center
Listing ID: 16693491 Date Created: 05/20/2010 Last Updated: 08/11/2010

Description

Stone Ridge Plaza is a 26,544 square foot multi-tenant retail center located in Mount Clemens, MI. Built in 2005 and located along North Groesbeck Highway, the subject property is in an excellent retail position along a dominant retail corridor in Macomb County.

Stone Ridge Plaza is currently 84.01% percent vacant and currently only has one occupied suite. Liquor Resort Imported Beer & Wine occupies approximately 4,244 square feet at the North end of the property. The remaining unoccupied space is currently split into 10 suites and already built out. Suites range in size from 1,700 square feet to 4,500 square feet.

Unit amenities include 12 foot ceiling height, fluorescent light fixtures, electricity to standard retail code, concrete slab floors, standard HVAC capacity and restrooms. Exterior features include 10' x12' overhead doors in some units, over 100 parking space with rear parking for employees, a limestone and brick facade with aluminum awnings. In addition to the improvements, there are approximately 1.5 acres of vacant commerical-zoned land adjacent to the center included in the offering. This offers additional upside to any investor through future development or the sale of vacant land.

Located just south of Elizabeth Street, one mile south of Hall Road, Stone Ridge Plaza is on the border between Mount Clemens and Clinton Township. The subject property is in close proximity to the 41st District Court, Mount Clemens Regional Medical Center, and Selfridge Air Force Base.

Highlights

  • 26,544 Square Foot Retail Center
  • Additional 1.5 Acres for Development
  • Only 15% Occupied - Vacant Space Already Split and Built Out
  • Located Along North Groesbeck Highway
  • Limestone and Brick Facade with Aluminum Awnings

Research

395 N Groesbeck Hwy, Mount Clemens, MI 48043 (Macomb County)

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