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Retail Building with Drive-Thru
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50290 Gratiot Ave, Chesterfield, MI 48051

Former Rite Aid retail building includes drive-thru access and a monument sign at a signalized intersection.

Space SizeContact for details
Property Size11,180 SF
Days on Market383

Property Features for 50290 Gratiot Ave

General Information

Standard status Active
Size 11,180 SF
Property subtype Retail
Zoning C4

Additional Details

Traffic Count 24,000 vehicles/day

Amenities

drive-thru
monument sign

Building Details

Building Size 11,180 SF
Year Built 1998
Buildings 1
Stories 1
Listing Agency: Mid America Real Estate - Michigan Inc
Listed By: George Sheena · License #6501451319
Source: Cpix.resimplifi
Added: Aug 19, 2025 Changed: Aug 8 Last Checked: Sep 5 at 3:33AM

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 Mid America Real Estate - Michigan Inc

Investment Insights

Based on property information with market context.

Former Rite Aid retail building positioned at a signalized intersection of Gratiot Avenue and Cotton Road, offering prominent street presence. The property includes a convenient drive-thru and a monument sign on Gratiot Avenue.

Cotton Road, just south of 23 Mile Road, provides direct access to nearby major national retailers including Burlington, TJ Maxx, Dick’s Sporting Goods, and Best Buy. The surrounding area is described as a thriving retail corridor with other retailers such as Target, Meijer, and Home Depot.

Gratiot Avenue is reported to see over 24,000 cars per day, supporting strong visibility for retail tenants seeking accessible, high-traffic frontage.

Key Highlights

  • Former Rite Aid retail building built in 1998
  • Drive‑thru access
  • Monument sign on Gratiot Avenue at a signalized intersection

Property Analytics

Current Use

Rite Aid Pharmacy Rite Aid Pharmacy Pharmacy Western Union Bank higi Physician Coinhub Bitcoin ATM ... Atm

Suggested Use

Top Pick Law Firm Building Supply Auto Parts Store HVAC Service Gym & Fitness Center Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24,000 VPD
Traffic count
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

643
Businesses Nearby
479k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Apparel 51% Dining 25% Shops & Services 15% Electronics 5%
Kohl's Apparel
60,724 visits/mo 0.1 miles
T.J. Maxx Apparel
45,999 visits/mo 0.2 miles
DICK'S Sporting Goods Apparel
36,190 visits/mo 0.5 miles
Texas Roadhouse Dining
31,303 visits/mo 0.4 miles
Chick-fil-A Dining
29,275 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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Woodstock Vape & Glass Gallery 50189 Gratiot Ave, Chesterfield, MI 48051
  • Rite Aid Pharmacy 50290 gratiot ave, chesterfield, mi 48051
  • Oluwatoyin Akinyode 50290 Gratiot Ave, Chesterfield, MI 480514003
  • Michele Walny 50290 Gratiot Ave, Chesterfield, MI 480514003
  • Harshil Patel 50290 Gratiot Ave, Chesterfield, MI 480514003

Frequently Asked Questions

What type of property is this?
Drug store - Former Rite Aid retail building includes drive-thru access and a monument sign at a signalized intersection.
Where is this drug store located?
The property is located at 50290 Gratiot Ave Chesterfield, MI.
What are key features of this property?
This property features: Former Rite Aid retail building built in 1998; Drive‑thru access; Monument sign on Gratiot Avenue at a signalized intersection
More about this property
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