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    Property profile & analytics

    48265 Gratiot Ave Chesterfield, MI 48051-2606

    • Turn key restaurants
    • 3,660 SF
    • 0.84 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-0935959
    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

    • Turn key restaurants

    Property Details for 48265 Gratiot Ave

    Year built
    1963
    Lot size
    0.84 lot acres
    Property size
    3,660 SF
    Zone code
    M2 GEN
    Property type
    Turn key restaurants
    APN
    15-09-30-126-032
    APU
    150930126032

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chesterfield
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8489
    Latitude
    42.6548
    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
    $5,660
    $0.00
    $0.00
    $222,500
    -
    $0.00
    $0.00
    $445,000

    Comparable in this City

    • Value Estimation by Request
      5,111 SF

      51295 Gratiot Ave

      RESTAURANT • 5,111 SF
      51295 Gratiot Ave, Chesterfield, MI 48051-2078
      View Details
    • Value Estimation by Request
      8,196 SF

      50875 Gratiot Ave

      RESTAURANT • 8,196 SF
      50875 Gratiot Ave, Chesterfield, MI 48051-3133
      View Details
    • Value Estimation by Request
      5,208 SF

      45140 Cors Ct

      RESTAURANT • 5,208 SF
      45140 Cors Ct, Chesterfield, MI 48051-3282
      View Details
    • Value Estimation by Request
      3,813 SF

      53100 Gratiot Ave

      RESTAURANT • 3,813 SF
      53100 Gratiot Ave, Chesterfield, MI 48051-1657
      View Details
    • Value Estimation by Request
      8,055 SF

      50355 Gratiot Ave

      RESTAURANT • 8,055 SF
      50355 Gratiot Ave, Chesterfield, MI 48051-3126
      View Details
    • Value Estimation by Request
      3,144 SF

      50899 Gratiot Ave

      RESTAURANT • 3,144 SF
      50899 Gratiot Ave, Chesterfield, MI 48051-3133
      View Details

    Similar Nearby for Sale

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      1.07 acre residential lot with utilities available.
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    Similar Nearby for Lease

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      Retail/Medical/Office Space Available

      High-traffic location with retail, medical, and office potential.
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      Retail/Office Space, Excellent Visibility

      Retail or office space with great freeway access and visibility.
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    • Contact for pricing
      67,420 SF

      Chesterfield Retail Space For Lease

      Prime retail space, 3,462 sq ft available.
      51347-51405 Gratiot Ave, Chesterfield, MI 48051
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    • $12 SF/Yr
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      Chesterfield Village Medical Office Space

      Michigan medical office space for lease.
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    • $20 SF/Yr
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      Crown Plaza Retail Space Available

      Prime Retail Space, Multiple Units Available
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    Property Visit Statistics

    • Visits by month
      6.9k
    • Visitors by month
      6.7k
    • Avg Time on site
      113 min
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    48265 Gratiot Ave
    Chesterfield, MI 48051-2606
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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