Plastic Injection Molding
Gratiot Avenue, Chesterfield, MI 48051
For Sale
$500,000
COM/IND/BUS OPP, Chesterfield, MI
Property Size3,500 SF
Price / SF$142.86
Days on Market141
Property Features for Gratiot Avenue
General Information
Property type
Property subtype
Lot features
Subdivision
Standard status
Size
Tenancy & Operations
Currently Operating
Business Included
Additional Details
Property Use
Utilities
Water source
Listing Agency:
EXP Realty LLC
(269) 600-4397
Listed By:
Joe Militello · License #6501259224
(586) 914-4001
Added: Jun 20
Changed: Nov 2
Last Checked: Nov 7 at 10:06AM
MLS# 50212172
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An established plastic injection molding business is offered with its furniture, fixtures, and equipment. The operation produces custom plastic medical parts and other products and has been owner-operated for 18 years in this location and industry. The seller is willing to train the incoming owner.
The business occupies leased real estate on Gratiot Avenue in Chesterfield, Michigan. The space is listed at 3,500 square feet, with room identified for expansion. The real estate is not included in the sale.
The business occupies leased real estate on Gratiot Avenue in Chesterfield, Michigan. The space is listed at 3,500 square feet, with room identified for expansion. The real estate is not included in the sale.
Key Highlights
- Owner‑operated plastic injection molding business with 18 years in this location and industry
- Produces custom plastic medical parts and other products
- Furniture, fixtures, and equipment are included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,872
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,440
$377.4K
Cap Rate 7%
$269,600
$269.6K
Cap Rate 9%
$209,689
$209.7K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$28.6K $8.16/SF
− Vacancy
−$1.6K −$0.46/SF
EGI
$27.0K $7.70/SF
− OpEx
−$8.1K −$2.31/SF
NOI
$18.9K $5.39/SF
Area
Macomb County, MI
Vacancy
5.60%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,440
Cap Rate 7%
$269,600
Cap Rate 9%
$209,689
Alternative Uses
Best Use
Industrial
$269.6K
$235.9K – $314.5K
NOI $18,872 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$655.3K
$573.4K – $764.5K
NOI $45,868 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Explore this area
Business Placement
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
$247,500
Median Home Value
Market
Average Price Trend$/SF for Manufacturing properties in Macomb County, MI
Properties on Market for Manufacturing properties in Macomb County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Sale includes the operating business’s furniture, fixtures, and equipment, with seller training available to the new owner.
Where is this manufacturing property located?
The property is located at Gratiot Avenue Chesterfield, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Owner‑operated plastic injection molding business with 18 years in this location and industry; Produces custom plastic medical parts and other products; Furniture, fixtures, and equipment are included
