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Commercial Lot on Gratiot Avenue
For Sale
$119,900

54240 Gratiot Ave., Chesterfield, MI 48047

Prime commercial lot with high visibility on Gratiot Avenue.

Property SizeContact for details
Lot Size0.63 Acres
Days on Market154

Property Features for 54240 Gratiot Ave.

General Information

Standard status Active
Lot size 0.63 Acres
Property subtype Commercial
Listing Agency:
Listed By: Pasquale (Lino) Scamardella
Source: Linorealty
Added: Mar 27 Changed: Aug 26 Last Checked: Jul 24 at 6:48PM

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 Pasquale (Lino) Scamardella

Investment Insights

Based on property information with market context.

This 0.63-acre commercial lot is located on Gratiot Avenue in Chesterfield, MI. The property benefits from high visibility and C-1 zoning, making it suitable for retail, office, or service businesses. The surrounding Chesterfield Township trade area is experiencing growth and features strong demographics, as well as new development. The lot is positioned between 24 and 25 Mile Road on Gratiot Avenue, offering an ideal opportunity for investment or development.

Key Highlights

  • Prime .63‑acre commercial lot with C‑1 zoning, suitable for retail, office, or service businesses
  • High visibility location on Gratiot Avenue
  • Located in a growing Chesterfield Township trade area with strong demographics and new development

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Law Firm Building Supply Big Box & Wholesale Store

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

Location Intelligence

Trade Area within ½ mile

61
Businesses Nearby

Demographics for 48047, MI

39,775
Population
16,765
Households
2.4
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
18.0 sq mi
ZIP Area
2,210
Density / Sq Mi
$95,381
Median Household Income
$50,151
Median Earnings
$1,109
Median Rent
$297,600
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - Prime commercial lot with high visibility on Gratiot Avenue.
Where is this commercial land located?
The property is located at 54240 Gratiot Ave. Chesterfield, MI.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: Prime .63‑acre commercial lot with C‑1 zoning, suitable for retail, office, or service businesses; High visibility location on Gratiot Avenue; Located in a growing Chesterfield Township trade area with strong demographics and new development
More about this property
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