Realmo Analytics

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Financial
Distress signals
Property profile

50290 Gratiot Ave Chesterfield, MI 48051

FOR SALE
Retail space
Property ID
US43-1629018
11,107 SF 1.41 ac lot Built 1998
Last sale Aug 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This former Rite Aid retail building is situated at a signalized intersection of Gratiot Avenue and Cotton Road, providing frontage on Gratiot Avenue. The site includes a drive-thru and a monument sign. The property is located on Cotton Road just south of 23 Mile Road with access to nearby commercial retail uses, and is positioned along Gratiot Avenue, a corridor reported to carry over 24,000 vehicles per day.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$26k
Tax billed · 2022
Assessed value · 2023$663k
Effective rate3.94%

Value estimate

· Oct 2026
$390k
$351k – $429k
Submarket $/SF estimate$2.61M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$186/SF
Submarket average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$84 – $306
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C3 GEN
JurisdictionMACOMB

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm18.5
Building Supply13.6
HVAC Service13.2

Location

50290 Gratiot Ave Chesterfield, MI 48051
County assessor Recorded deeds · 2 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
28230 23rd Mile, Chesterfield, MI 48051-2317 $3,000,000 Jun 2025 3,373 SF
50769 Waterside, Chesterfield, MI 48051-4008 $3,354,120 Oct 2024 39,075 SF
49908 Gratiot, Chesterfield, MI 48051-2529 $250,000 Jan 2024 6,600 SF
50700 Waterside, Chesterfield, MI 48051-4008 $3,000,000 Aug 2021 19,200 SF
27925 23rd Mile, Chesterfield, MI 48051-2314 $1,200,000 Nov 2020 3,000 SF
51301 Gratiot, Chesterfield, MI 48051-2079 $1,819,000 Oct 2018 7,596 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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