Auto Shop
47720 Gratiot Ave Chesterfield, MI 48051
New
47720 Gratiot Ave, Chesterfield, MI, 48051
$419,900
For Sale
$419,900
Auto shop property sold as-is, with unknown operability of any existing equipment.
Property Size3,942 SF
Price / SF$106.52
Days on Market6
Property Features for 47720 Gratiot Ave
General Information
- Standard status
- Active
- Size
- 3,942 SF
Listing agency
World Showcase Realty
(586) 675-8791
Listed by
Vince Saragosa · License #6501269114
(586) 675-8791
Source
Exprealty
Added: Jul 16 Updated: Jul 21 at 12:58PM Checked: Jul 21 at 12:58PM
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 World Showcase Realty
Investment Insights
Based on property information with market context.
This auto shop property is offered for sale in “as is” condition. The seller is not aware whether any current equipment is operable, and no representations are made regarding its functionality.
The property is located at 47720 Gratiot Ave in Chesterfield, MI. It is being marketed at a total size of 3,942 square feet.
A possible land contract is noted, with $100,000 down at 8% and a 5-year balloon.
The property is located at 47720 Gratiot Ave in Chesterfield, MI. It is being marketed at a total size of 3,942 square feet.
A possible land contract is noted, with $100,000 down at 8% and a 5-year balloon.
Key Highlights
- Sold in "as is" condition; seller does not know whether any existing equipment is operable
- Possible land contract terms listed: $100,000 down at 8% with a 5‑year balloon
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.3k | $12.00 |
| − Vacancy | −$5.7k | −$1.44 |
| EGI | $41.6k | $10.56 |
| − OpEx | −$12.5k | −$3.17 |
| NOI | $29.1k | $7.39 |
3,942 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$416.3K
$364.2K – $485.7K
NOI $29,139 @ 7.0% cap · market cap 6.94%
Second Best
Industrial
$303.7K
$265.7K – $354.3K
NOI $21,256 @ 7.0% cap · market cap 5.06%
Theoretical Best
Specialty Retail
$738.0K
$645.8K – $861.0K
NOI $51,660 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Performance Fabrication & Exhaust — 46445 Continental Dr, New Baltimore, MI 48047
- Viper Automotive — 46413 Continental Dr, Chesterfield, MI 48047
- Macomb Powersports — 46301 gratiot ave, new baltimore, mi 48051
- Planet Wheels & Tires — 46896 Gratiot Ave, Chesterfield Township, MI 48051
- Devon Built — 46958 gratiot ave suite #263, chesterfield, mi 48051
FAQs
What type of property is this?
Auto shop - Auto shop property sold as-is, with unknown operability of any existing equipment.
Where is this auto shop located?
The property is located at 47720 Gratiot Ave Chesterfield, MI.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Sold in "as is" condition; seller does not know whether any existing equipment is operable; Possible land contract terms listed: $100,000 down at 8% with a 5‑year balloon
