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Property profile & analytics
OFF-MARKET
Lifestyle centers

51347-51405 Gratiot Ave Chesterfield, MI 48051

66,420 SF
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity is located within Chesterfield Square, a thriving shopping center at the bustling intersection of Gratiot Ave and 23 Mile Rd in Chesterfield, Michigan. The property offers a prime end-cap space totaling 66,420 square feet, with a minimum divisible space of 3,300 square feet and a maximum contiguous space of 3,843 square feet. Currently, 7,143 square feet are available for lease. The center is situated in a densely populated area within a major Macomb County retail corridor, experiencing daily traffic counts exceeding 37,000 vehicles. This high visibility location ensures significant exposure for your business. The property is zoned C-2, providing flexibility for a variety of retail uses. The landlord is open to discussions regarding various bay sizes, or even leasing the entire available space to a single tenant. This presents a unique chance to establish a strong presence in a well-established and high-traffic retail environment. The address is 51347-51405 Gratiot Ave, Chesterfield, MI 48051. This is an excellent opportunity for businesses seeking a prominent location in a thriving community.

Property profile
Verified
Property type Lifestyle centers
Total area 66,420 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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