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    Property profile & analytics

    49720 Gratiot Ave Chesterfield, MI 48051-2528

    • Commercial real estate
    • 3,300 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 08, 2024
    Location Intelligence
    Property ID
    US43-1532765
    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

    • Commercial real estate

    Property Details for 49720 Gratiot Ave

    Year built
    2002
    Lot size
    0.46 lot acres
    Property size
    3,300 SF
    Zone code
    C3 GEN
    Property type
    Commercial real estate
    APN
    15-09-19-428-035
    APU
    150919428035

    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
    -82.8396
    Latitude
    42.6658
    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
    2023
    $8,538
    $0.00
    $0.00
    $205,800
    -
    $0.00
    $0.00
    $411,600

    Comparable in this City

    • Value Estimation by Request
      10,320 SF

      51305 Gratiot Ave

      COMMERCIAL (GENERAL) • 10,320 SF
      51305 Gratiot Ave, Chesterfield, MI 48051-2079
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    • Value Estimation by Request
      3,992 SF

      51170 Gratiot Ave

      COMMERCIAL (GENERAL) • 3,992 SF
      51170 Gratiot Ave, Chesterfield, MI 48051-2035
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    • Value Estimation by Request
      35,009 SF

      50700 Gratiot Ave

      COMMERCIAL MISC • 35,009 SF
      50700 Gratiot Ave, Chesterfield, MI 48051-3131
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    • Value Estimation by Request
      24,175 SF

      52320 Gratiot Ave

      COMMERCIAL (GENERAL) • 24,175 SF
      52320 Gratiot Ave, Chesterfield, MI 48051-2020
      View Details
    • Value Estimation by Request
      11,918 SF

      52950 Gratiot Ave

      COMMERCIAL MISC • 11,918 SF
      52950 Gratiot Ave, Chesterfield, MI 48051-2046
      View Details
    • Value Estimation by Request
      8,360 SF

      55800 New Hvn Rd

      COMMERCIAL MISC • 8,360 SF
      55800 New Hvn Rd, Chesterfield, MI 48051-1405
      View Details

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    Similar Nearby for Lease

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      High-traffic location with retail, medical, and office potential.
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    • $1,800 /Mo

      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

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      Prime retail space, 3,462 sq ft available.
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    • $12 SF/Yr
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    49720 Gratiot Ave
    Chesterfield, MI 48051-2528
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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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