Property profile

51305 Gratiot Ave Chesterfield, MI 48051

OFF-MARKET
Commercial real estate
Property ID
US43-1208174
10,320 SF 1.19 ac lot Built 2001
Entity Owned Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2001
Total area 10,320 SF
Lot 1.19 ac (51,662 SF)
Zoning code C2 SHO
APN 15-09-17-352-005
UPID US43-1208174

Cap rate & NOI

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

Location

51305 Gratiot Ave Chesterfield, MI 48051-2079
Chesterfield metro Census 222103 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.72M
Blend (final) Blend
$1.72M

Owner & transaction history

Zoning & alternative use

C2 SHO · Chesterfield, MI
Top alternative use upside
Retail stores $1.9M +80.9%
Restaurant $1.5M +37.9%
Medical building $1.3M +19.5%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 51305 Gratiot Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message