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    51305-51313 Gratiot Ave Chesterfield, MI 48051

    For Lease
    $25 SF/Yr ($18,081 /Mo)

    Prime Macomb County retail space available.

    Lot size:
    8,679 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail opportunity is located at 51305-51313 Gratiot Ave, Chesterfield, MI 48051, within the vibrant Chesterfield Shopping Center. The property offers a total of 8,679 square feet of retail space, with 2,200 square feet currently vacant and available for lease. Units range from a minimum of 1,000 square feet to a maximum contiguous space of 1,200 square feet, making it ideal for a variety of retail businesses. The center is zoned C-2, allowing for diverse commercial uses. Situated in a high-traffic area at the intersection of Gratiot Avenue and 23 Mile Road in Macomb County, Michigan, this location benefits from daily traffic counts exceeding 100,000 vehicles. The property enjoys excellent visibility and proximity to major retailers such as Target, Meijer, and Kohl's, ensuring high foot traffic and brand recognition. This well-established community center presents a unique chance to establish or expand your business within a densely populated sub-regional market, capitalizing on the significant consumer base and strong retail corridor. The property is located in Macomb County.

    Property Features for 51305-51313 Gratiot Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,679 SF
    Total Rate
    18081.25

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,000 SF
    Rate per SF
    $25
    Space
    Former Restaurant Space
    Size
    1,200 SF
    Rate per SF
    $25

    HighLights

    • 8,679 SF retail space available for lease in Chesterfield Shopping Center, Chesterfield, MI.
    • 2,200 SF currently vacant, with units ranging from 1,000‑1,200 SF.
    • High‑traffic location at Gratiot Ave & 23 Mile Rd, exceeding 100,000 vehicles daily.
    • Excellent visibility and proximity to Target, Meijer, and Kohl's.
    • C‑2 zoning allows diverse commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chesterfield
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8340594
    Latitude
    42.6774997

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Macomb County retail space available.
    Where is this lifestyle center located?
    The property is located at 51305-51313 Gratiot Ave Chesterfield, MI.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 8,679 SF retail space available for lease in Chesterfield Shopping Center, Chesterfield, MI.; 2,200 SF currently vacant, with units ranging from 1,000-1,200 SF.; High-traffic location at Gratiot Ave & 23 Mile Rd, exceeding 100,000 vehicles daily.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    51305-51313 Gratiot Ave Chesterfield, MI 48051
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