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Upgraded Retail and Office Space
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47025-47817 Gratiot Ave, New Baltimore, MI 48051

Retail and office spaces with recent upgrades and signage opportunities.

Space Size2,250 SF
Property Size52,675 SF
Days on Market857

Property Features for 47025-47817 Gratiot Ave

General Information

Standard status Active
Size 2,250 SF
Class B
Property subtype Retail, Office
Lease Type NNN

Building Details

Building Size 52,675 SF
Year Built 1999
Tenancy Multiple

Spaces For Lease

at 47025-47817 Gratiot Ave Contact us

47031

Size
2,250 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Pilot Property Group
Listed By: Luc Fluent · License #6501405301
Source: Crexi
Added: May 2, 2024 Changed: Sep 2 Last Checked: Sep 1 at 12:07AM

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 Pilot Property Group

Investment Insights

Based on property information with market context.

This property offers retail and office spaces with recent upgrades including the parking lot, facade, and exterior lights. Monument signage is available on Gratiot Avenue, and storefront signage is available on 21 Mile Road. The property is under professional landlords.

Key Highlights

  • Recently upgraded parking lot, façade, and exterior lights.
  • Monument signage on Gratiot.**
  • Storefront signage on 21 Mile Rd.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Pharmacy Real Estate Agency Building Supply Garden 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

NNN (Triple Net)
Lease Type
$2.09 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

356
Businesses Nearby
53k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 82% Dining 12% Electronics 4% Home Improvements & Furnishings 2%
Speedway Shops & Services
16,940 visits/mo 0.4 miles
Genisys Credit Union Shops & Services
5,877 visits/mo 0.5 miles
Exxon Shops & Services
5,501 visits/mo 0.1 miles
Fifth Third Bank & ATM Shops & Services
4,584 visits/mo 0.0 miles
The UPS Store Shops & Services
4,327 visits/mo 0.0 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

Lease Benchmarks for New Baltimore, MI

$16.59 /SF/Yr
Avg Asking Price
$3.6–$35 /SF/Yr
Price Range
13,210 SF
Avg Space Size

This space is priced 16% below the average of $16.59 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail and office spaces with recent upgrades and signage opportunities.
Where is this retail space located?
The property is located at 47025-47817 Gratiot Ave New Baltimore, MI.
What is the lease rate?
The lease rate is $13.95 SF/Yr.
What are key features of this property?
This property features: Recently upgraded parking lot, façade, and exterior lights.; Monument signage on Gratiot.**; Storefront signage on 21 Mile Rd.
(586) 651-3337 Call to check price and availability
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