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    Property profile & analytics

    50290 Gratiot Ave Chesterfield, MI 48051-4003

    • Retail space
    • 11,107 SF
    • 1.41 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 20, 2025
    Location Intelligence
    Property ID
    US43-1629018
    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

    • Retail space

    Property Details for 50290 Gratiot Ave

    Year built
    1998
    Lot size
    1.41 lot acres
    Property size
    11,107 SF
    Zone code
    C3 GEN
    Property type
    Retail space
    APN
    15-09-20-153-013
    APU
    150920153013

    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
    -82.8367
    Latitude
    42.669
    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
    $26,146
    $0.00
    $0.00
    $662,900
    -
    $0.00
    $0.00
    $1,325,800

    Comparable in this City

    • Value Estimation by Request
      38,299 SF

      47875 Gratiot Ave

      RETAIL STORES (PERSONAL SERVICES) • 38,299 SF
      47875 Gratiot Ave, Chesterfield, MI 48051-2722
      View Details
    • Value Estimation by Request
      13,647 SF

      51008 Gratiot Ave

      RETAIL STORES (PERSONAL SERVICES) • 13,647 SF
      51008 Gratiot Ave, Chesterfield, MI 48051-2006
      View Details
    • Value Estimation by Request
      4,347 SF

      46853 Gratiot Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,347 SF
      46853 Gratiot Ave, Chesterfield, MI 48051-2807
      View Details
    • Value Estimation by Request
      24,331 SF

      51375 Gratiot Ave

      RETAIL STORES (PERSONAL SERVICES) • 24,331 SF
      51375 Gratiot Ave, Chesterfield, MI 48051-2079
      View Details
    • Value Estimation by Request
      20,169 SF

      51347 Gratiot Ave

      RETAIL STORES (PERSONAL SERVICES) • 20,169 SF
      51347 Gratiot Ave, Chesterfield, MI 48051-2079
      View Details
    • Value Estimation by Request
      24,770 SF

      51600 Gratiot Ave

      RETAIL STORES (PERSONAL SERVICES) • 24,770 SF
      51600 Gratiot Ave, Chesterfield, MI 48051-2010
      View Details

    Similar Nearby for Sale

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      Over one acre lot available for building a dream home.
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    • Contact for pricing
      52,500 SF

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    Similar Nearby for Lease

    • $1,700 /Mo

      Retail/Medical/Office Space Available

      High-traffic location with retail, medical, and office potential.
      52370 Gratiot Ave, New Baltimore, MI 48051
      View Details
    • $1,800 /Mo

      Retail/Office Space, Excellent Visibility

      Retail or office space with great freeway access and visibility.
      49684 Gratiot Rd, New Baltimore, MI 48051
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Available For Rent

      Retail spaces available, including an end-cap, ranging from 1,706-2,000 SF.
      52939-52951 Gratiot Ave, Chesterfield Township, MI 48051
      View Details
    • $1,750 /Mo

      Retail Space in Oakwood Square

      Retail space with overhead door and large parking lot.
      46700 Gratiot Ave, New Baltimore, MI 48051
      View Details
    • $1,600 /Mo

      Retail Space Available For Rent

      Retail space for lease in Chesterfield Township, Michigan.
      49540 Gratiot Ave, New Baltimore, MI 48051
      View Details
    • $20 SF/Yr
      100,000 SF

      Crown Plaza Retail Space Available

      Prime Retail Space, Multiple Units Available
      52939 Gratiot Ave, New Baltimore, MI 48051
      View Details

    Property Visit Statistics

    • Visits by month
      556
    • Visitors by month
      480
    • Avg Time on site
      15 min
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    50290 Gratiot Ave
    Chesterfield, MI 48051-4003
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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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