Property profile

49680-49696 Gratiot Ave Chesterfield, MI 48051

OFF-MARKET
Retail properties & Spaces
5,400 SF 0.51 ac lot Built 2007
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Property summary

AI-generated overview

This single-story, 5,400 square foot Class C commercial building, constructed in 2007, offers a prime 1,080 square foot executive office suite for lease. Located at 49680-49696 Gratiot, New Baltimore, MI 48051, near the intersection of Gratiot and 23 Mile Road in Macomb County, this property boasts excellent visibility and freeway access. The building features a total of five suites, with ample parking (30 spaces) available for tenants and their clients. The 0.51-acre lot is zoned C-3, allowing for a variety of commercial uses. The available space is immediately ready for occupancy. This location benefits from high traffic counts and proximity to numerous major retailers, ensuring significant foot traffic and brand visibility. The property's convenient location and ample parking make it an ideal choice for businesses seeking a high-profile presence in a thriving commercial area. The parcel number is 15-09-19-428-036. No elevators are present in the building.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2007
Total area 5,400 SF
Lot 0.51 ac (22,216 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

49680-49696 Gratiot Ave Chesterfield, MI 48051
Chesterfield metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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