Leased Plastic Mold Injection
For Sale
$500,000
Gratiot Avenue, Chesterfield, MI 48051
COMMERCIAL - Chesterfield, MI
Property Size3,500 SF
Price / SF$142.86
Days on Market49
Property Features for Gratiot Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Main Street
Subdivision
Chesterfield Twp (50009)
Standard status
Active
Size
3,500 SF
Utilities
Water source
Public
Listing Agency:
EXP Realty LLC
(269) 600-4397
Listed By:
Joe Militello · License #6501259224
(586) 914-4001
Added: Jun 20
Changed: Aug 4
Last Checked: Aug 7 at 1:06AM
MLS# 50212172
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale manufacturing property is associated with a long-established, owner-operated plastic mold injection business. The operation specializes in custom plastic medical parts, and the business is currently operating. The available real estate totals 3,500 square feet and is leased. Included with the sale are all furniture, fixtures, and equipment, with a provided list available upon request. The seller is also willing to train a new owner.
Located in Chesterfield, Michigan, the business has been in place for 18 years at this location and in the industry. The offering is structured around an operating enterprise, with the real estate separate from the business component, as the property is leased.
For buyers and operators evaluating an acquisition that includes both the ongoing operation and the manufacturing equipment, this setup may provide a straightforward transition plan supported by seller training. The leased nature of the real estate should be considered when underwriting the overall ownership structure. Additionally, the existing space is described as having room to expand, which may appeal to a buyer looking to accommodate additional production requirements within the current footprint.
Located in Chesterfield, Michigan, the business has been in place for 18 years at this location and in the industry. The offering is structured around an operating enterprise, with the real estate separate from the business component, as the property is leased.
For buyers and operators evaluating an acquisition that includes both the ongoing operation and the manufacturing equipment, this setup may provide a straightforward transition plan supported by seller training. The leased nature of the real estate should be considered when underwriting the overall ownership structure. Additionally, the existing space is described as having room to expand, which may appeal to a buyer looking to accommodate additional production requirements within the current footprint.
Key Highlights
- Owner‑operated plastic mold injection business, operating for 18 years at this location
- Business specializes in custom plastic medical parts (and more) and is currently operating
- Seller states the business is cash flowing and includes training for the new owner
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,872
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
198
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
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing facility for sale featuring plastic mold injection operations in an owner-operated, ongoing business.
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 mold injection business, operating for 18 years at this location; Business specializes in custom plastic medical parts (and more) and is currently operating; Seller states the business is cash flowing and includes training for the new owner
