Former Restaurant Retail
For Sale
Contact for pricing
Pending
51295 Gratiot Avenue, Chesterfield Township, MI 48051
Former national restaurant on a 1.24-acre C-3 zoned site at a hard-corner intersection.
Property Size5,111 SF
Lot Size1.24 Acres
Days on Market147
Property Features for 51295 Gratiot Avenue
General Information
Standard status
Pending
Size
5,111 SF
Lot size
1.24 Acres
Property subtype
Retail
Zoning
C-3
Additional Details
Traffic Count
41,600 vehicles/day
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Patrick R. Luther, CCIM · License #01912215
(480) 221-4221
Source:
Crexi
Added: Apr 12
Changed: Aug 14
Last Checked: Sep 5 at 2:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
Redevelopment or leasing opportunity on a 1.24-acre lot featuring a 5,111 SF former national restaurant building. The property is zoned C-3, General Commercial, supporting a wide range of retail and business uses.
Located near the signalized, hard-corner intersection of Gratiot Avenue and 23 Mile Road, with average daily traffic reported at 41,600 vehicles. The site also benefits from nearby direct on/off-ramp access to Interstate 94, averaging 55,400 vehicles per day.
The building is positioned as an outparcel to a shopping center anchored by The Home Depot, which also includes PetSmart, Michaels, and Autozone. The immediate area is further supported by big-box retailers including Target, Lowe’s Home Improvement, and Meijer, along with other nearby national/credit tenants. Several apartment complexes surround the site, including Aspen Creek (776 units), Oakview Square (192 units), and Willows Apartments (195 units).
Located near the signalized, hard-corner intersection of Gratiot Avenue and 23 Mile Road, with average daily traffic reported at 41,600 vehicles. The site also benefits from nearby direct on/off-ramp access to Interstate 94, averaging 55,400 vehicles per day.
The building is positioned as an outparcel to a shopping center anchored by The Home Depot, which also includes PetSmart, Michaels, and Autozone. The immediate area is further supported by big-box retailers including Target, Lowe’s Home Improvement, and Meijer, along with other nearby national/credit tenants. Several apartment complexes surround the site, including Aspen Creek (776 units), Oakview Square (192 units), and Willows Apartments (195 units).
Key Highlights
- 5,111 SF former national restaurant on a 1.24‑acre site in Chesterfield Township, Michigan (Detroit MSA).
- C‑3, General Commercial zoning allows a wide range of retail and business uses.
- Hard‑corner location near the signalized intersection of Gratiot Avenue and 23 Mile Road with approx. 41,600 vehicles per day.
Property Analytics
Current Use
Lease Details
41,600 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
836k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 29%
Shops & Services 19%
Apparel 17%
Groceries 15%
Target
Superstores
86,507 visits/mo
0.2 miles
Meijer
Groceries
81,954 visits/mo
0.1 miles
Kohl's
Apparel
60,724 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
37,975 visits/mo
0.2 miles
McDonald's
Dining
32,697 visits/mo
0.4 miles
Demographics for 48051, MI
17,718
Population
7,255
Households
2.4
Avg Household Size
40
Median Age
24%
College-Educated
91%
High-School Grad
14.2 sq mi
ZIP Area
1,248
Density / Sq Mi
$89,923
Median Household Income
$50,569
Median Earnings
$1,064
Median Rent
$247,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former national restaurant on a 1.24-acre C-3 zoned site at a hard-corner intersection.
Where is this conventional restaurant located?
The property is located at 51295 Gratiot Avenue Chesterfield Township, MI.
What are key features of this property?
This property features: 5,111 SF former national restaurant on a 1.24‑acre site in Chesterfield Township, Michigan (Detroit MSA).; C‑3, General Commercial zoning allows a wide range of retail and business uses.; Hard‑corner location near the signalized intersection of Gratiot Avenue and 23 Mile Road with approx. 41,600 vehicles per day.
