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Property profile & analytics
OFF-MARKET Estimated value $9,900,000
Outlet malls

50500 Gratiot Ave Chesterfield, MI 48051-4400

88,452 SF 8.36 ac lot Built 2003
Individually Owned 16-yr Hold Free & Clear
Property ID
US43-1196926
Property summary
AI-generated overview

This exceptional 1-acre commercial land parcel presents a remarkable investment opportunity in the thriving Chesterfield, Michigan market. Located at 50500 Gratiot Avenue #647, this single-tenant pad site boasts a highly desirable location within a robust retail environment. The property is zoned commercial and offers significant potential for development. Its strategic positioning benefits from the strong presence of area anchors including Hobby Lobby, Lowe's, Party City, Best Buy, Planet Fitness, Joann Fabrics, Bed Bath & Beyond, JCPenney, and T.J. Maxx, ensuring high visibility and substantial foot traffic. The site's one-acre lot size provides ample space for a variety of commercial developments, catering to diverse business needs. Situated in Macomb County, this property offers easy access to major transportation routes, enhancing its appeal to both businesses and customers. This is an exceptional chance to acquire a prime commercial land parcel in a high-demand location with proven retail success. The property's location within a well-established retail corridor guarantees a strong foundation for future growth and profitability. The single-tenant nature of the site offers flexibility and control for potential developers. This is a rare opportunity to capitalize on the significant potential of this exceptional commercial land parcel. Contact us today to learn more about this exciting investment prospect.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2003
Total area 88,452 SF
Lot 8.36 ac (364,162 SF)
Zoning code C3 GEN
APN 15-09-20-176-011
UPID US43-1196926
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kohl's Department Store
  • ChargePoint Charging Station Electric Vehicle Charging Station
  • SEPHORA at Kohl's Chesterfield Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.90M
Blend (final) Blend
$9.90M
Owner & transaction history
Board Of Cnty Road Commissione · 16 yrs held
Board Of Cnty Road Commissione
since 2010
3 recorded transactions
2010
Price N/A
2004
Price N/A
2004
$2.7M
Zoning & alternative use
C3 GEN · Chesterfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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