Property profile

48350 Gratiot Ave Chesterfield, MI 48051

OFF-MARKET
Turn key restaurants
Property ID
US43-1380237
10,229 SF 1.47 ac lot Built 1977
Entity Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1977
Total area 10,229 SF
Lot 1.47 ac (64,033 SF)
Zoning code C1 LOC
APN 15-09-30-251-040
UPID US43-1380237

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

48350 Gratiot Ave Chesterfield, MI 48051
Chesterfield metro Census 221100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$315k

Owner & transaction history

since 2016
1 recorded transaction
2016
Price N/A

Zoning & alternative use

C1 LOC · Chesterfield, MI
Top alternative use upside
Retail stores $1.9M +31.2%

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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