46948 Gratiot Ave, Chesterfield, MI 48051-2809
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C3 GEN · Chesterfield, MIChesterfield. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.