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    Property profile & analytics
    OFF-MARKET Estimated value $650,000
    Retail space

    46948 Gratiot Ave, Chesterfield, MI 48051-2809

    2,868 SF 0.33 ac lot Built 1990
    Entity Owned 12-yr Hold Free & Clear
    Property ID
    US43-1756599
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1990
    Total area 2,868 SF
    Lot 0.33 ac (14,375 SF)
    Zoning code C3 GEN
    APN 15-09-31-126-026
    UPID US43-1756599
    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
    Current use
    Occupant on record · Public records
    • GRAND RENTAL STATION Rental Equipment Company
    • Grand Rental Station (Bike/Boat/Book/etc) Store Rental Equipment Company
    • U-Haul Neighborhood Dealer Car Rental Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $650k
    Blend (final) Blend
    $650k
    Owner & transaction history
    Whykks LLC · 12 yrs held
    Whykks LLC
    since 2014
    2 recorded transactions
    2014
    1969
    Zoning & alternative use
    C3 GEN · Chesterfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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