Property profile

47800 Gratiot Ave Chesterfield, MI 48051

OFF-MARKET
Office buildings
Property ID
US43-1421990
12,720 SF 1.39 ac lot Built 2000
Individually Owned 10-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Location

47800 Gratiot Ave Chesterfield, MI 48051-2763
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
$1.69M
Blend (final) Blend
$1.11M

Owner & transaction history

since 2016
4 recorded transactions
2016
$1.1M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C3 GEN · Chesterfield, MI
Top alternative use upside
Retail stores $2.4M +96.1%
Restaurant $1.8M +49.5%
Medical building $1.6M +29.6%

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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