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    Property profile & analytics
    OFF-MARKET Estimated value $1,695,000
    Office buildings

    47800 Gratiot Ave, Chesterfield, MI 48051-2763

    12,720 SF 1.39 ac lot Built 2000
    Individually Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US43-1421990
    Property summary
    AI-generated overview

    This exceptional 12,720-square-foot medical office building, situated on a 1.38-acre lot in Chesterfield, Michigan, presents a unique investment opportunity. Built in 1985, the property boasts a modern and updated interior with clean finishes and a versatile layout, easily adaptable to various medical practices or office uses. Currently, 6,360 square feet of space is immediately available for lease, offering significant potential for expansion or consolidation. The building features ample natural light, creating a bright and welcoming atmosphere for patients and staff. The convenient location on Gratiot Avenue in Macomb County provides excellent visibility and accessibility, with quick access to major roadways. Furthermore, the property includes 93 dedicated parking spaces, ensuring ample parking for patients, staff, and visitors. The property is zoned for office use and offers a turnkey solution for businesses seeking a well-maintained and strategically located space. This prime location offers proximity to a variety of amenities, dining, and retail options, enhancing the overall appeal and convenience for tenants and their clients. The building's multiple tenancy allows for flexibility and potential for diverse income streams. This is an ideal opportunity for a medical practice or other office-based business seeking a well-equipped and conveniently located space in a thriving community. The property is located at 47800 Gratiot Ave, Chesterfield, MI 48051.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2000
    Total area 12,720 SF
    Lot 1.39 ac (60,331 SF)
    Zoning code C3 GEN
    APN 15-09-30-326-011
    UPID US43-1421990
    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
    • Lauren Quigley Real Estate Agency
    • M.J. Niemi, Real Estate One Real Estate Agency
    • Shelley Schoenherr Real Estate Agency
    • Tom Figlan Real Estate Agency
    • Real Estate One Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.69M
    Blend (final) Blend
    $1.70M
    Owner & transaction history
    Chesterfield Township Building · 10 yrs held
    Chesterfield Township Building
    since 2016
    4 recorded transactions
    2016
    $1.1M
    1969
    1969
    1969
    Zoning & alternative use
    C3 GEN · Chesterfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $2.4M +96.1%
    Restaurant $1.8M +49.5%
    Medical building $1.6M +29.6%
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