Property profile & analytics
47800 Gratiot Ave Chesterfield, MI 48051-2763
- Office buildings
- 12,720 SF
- 1.39 lot acres
OFF-MARKET
Value Estimations
$1,695,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-1421990
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by 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
Property Details for 47800 Gratiot Ave
- Year built
- 2000
- Lot size
- 1.39 lot acres
- Property size
- 12,720 SF
- Zone code
- C3 GEN
- Property type
- Office buildings
- APN
- 15-09-30-326-011
- APU
- 150930326011
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,693,000
- AI Estimate
- $1,693,000
Market price range: $792k - $1.69MMarket price range: $792k - $1.69M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,205,000 Current use
- RETAIL STORES
- $2,365,000 Change: +96% Conversion: Moderate
- RESTAURANT
- $1,805,000 Change: +50% Conversion: Moderate
- MEDICAL BUILDING
- $1,560,000 Change: +30% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,310,000 Change: +8% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,095,000 Change: -9% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Chesterfield
- County
- Macomb
- State
- Michigan
- Longitude
- -82.8493
- Latitude
- 42.6509
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$33,664
$0.00
$0.00
$785,300
-
$0.00
$0.00
$1,570,600
