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Property profile & analytics
OFF-MARKET
Industrial land

51679 Gratiot Ave Chesterfield, MI 48051-2012

696 SF 5 ac lot
Entity Owned 5-yr Hold Free & Clear
Property ID
US43-0980982
Property summary
AI-generated overview

This exceptional 5,641 square foot retail space is ideally situated at 51679 Gratiot Avenue in Chesterfield, Michigan, within Macomb County. The property boasts a single-tenant occupancy and is currently entirely vacant, presenting a unique opportunity for a prospective tenant. The building's zoning is classified as C-1, allowing for a wide range of commercial uses. Located in the vibrant city of New Baltimore, this property offers excellent visibility and accessibility along the busy Gratiot Avenue corridor, ensuring high foot traffic and potential customer exposure. The property's total square footage is 5,641 square feet, providing ample space for a variety of retail businesses. The address is easily accessible and conveniently located within the 48051 zip code. This is a remarkable opportunity to establish a thriving business in a high-traffic area with significant potential for growth. The property is available for lease and presents a blank canvas for a discerning tenant to create their ideal retail environment. Interested parties are encouraged to inquire for further details and leasing information. The property is situated at latitude 42.6800295 and longitude -82.8298754. This location offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property is ready for immediate occupancy.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Total area 696 SF
Lot 5 ac (217,800 SF)
Zoning code M2 GEN
APN 15-09-17-326-003
UPID US43-0980982
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
  • JARS Cannabis - Chesterfield (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Macomb Rv Indoor Storage LLC · 5 yrs held
Macomb Rv Indoor Storage LLC
since 2021
Last sale
$470,000
3 recorded transactions
2021
$470,000
2021
$400,000
2014
Price N/A
Zoning & alternative use
M2 GEN · Chesterfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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