Property profile

51679 Gratiot Ave Chesterfield, MI 48051

OFF-MARKET
Industrial land
Property ID
US43-0980982
696 SF 5 ac lot
Entity Owned 5-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

51679 Gratiot Ave Chesterfield, MI 48051-2012
Chesterfield metro Census 222103 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

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

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
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