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    46948 Gratiot Ave Chesterfield, MI 48051

    Sponsored
    For Lease
    $15 SF/Yr

    High-visibility retail space available in Macomb County.

    Lot size:
    17,196 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 46948 & 46970 Gratiot Avenue in Chesterfield, Michigan, 48051, offers a prime opportunity for businesses seeking high visibility and strong foot traffic. The 17,196 square foot shopping center boasts a desirable location at the southeast corner of Gratiot Avenue and 21 Mile Road, benefiting from excellent exposure to two major thoroughfares. Currently, there is 1,346 square feet of vacant retail space available for lease, ideal for a variety of businesses. The center enjoys a strong tenant mix, including established businesses such as Verizon Wireless, UPS, Hungry Howie's Pizza, Grand Station Rental, and the recently expanded Lance Keller Studio. Its strategic location provides easy access to major roadways, including I-94 (half a mile west) and M-59 (Hall Road, one mile north), ensuring convenient access for customers and employees. The property is situated in the growing Chesterfield Township within Macomb County. Signage opportunities are available to enhance brand visibility. This is a rare chance to secure a space in a thriving retail center with excellent visibility and convenient access. The property is classified as a retail shopping center, formerly housing a salon. The total building size is 17,196 square feet, with 1,346 square feet currently vacant and ready for immediate occupancy.

    Property Features for 46948 Gratiot Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,196 SF
    Total Rate
    21495

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,346 SF
    Rate per SF
    $15

    HighLights

    • 1,346 SF inline retail space available for lease.
    • Former salon space with Gratiot Avenue frontage.
    • Lease rate: $15.00 PSF.
    • NNN charges: $4.50 PSF.
    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
    -82.8528932
    Latitude
    42.6442645

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    FAQs

    What type of property is this?
    Lifestyle center - High-visibility retail space available in Macomb County.
    Where is this lifestyle center located?
    The property is located at 46948 Gratiot Ave Chesterfield, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 1,346 SF inline retail space available for lease.; Former salon space with Gratiot Avenue frontage.; Lease rate: $15.00 PSF.
    Request Owner's contact information
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    Chesterfield, MI 48051
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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
    46948 Gratiot Ave Chesterfield, MI 48051
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