Property profile

46948 Gratiot Ave Chesterfield, MI 48051

OFF-MARKET
Retail space
Property ID
US43-1756599
2,868 SF 0.33 ac lot Built 1990
Entity Owned 12-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Rental Equipment Company
  • (Bike/Boat/Book/etc) Store Rental Equipment Company
  • Car Rental Facility

Location

46948 Gratiot Ave Chesterfield, MI 48051-2809
Chesterfield metro Census 221100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$650k
Blend (final) Blend
$270k

Owner & transaction history

since 2014
2 recorded transactions
2014
Price N/A
1969
Price N/A

Zoning & alternative use

C3 GEN · Chesterfield, MI

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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