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    Property profile & analytics
    OFF-MARKET Estimated value $1,810,000
    Warehouses

    52365 Gratiot Ave, Chesterfield, MI 48051-2021

    57,417 SF 7.96 ac lot Built 1960
    Entity Owned 15-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0113373
    Property summary
    AI-generated overview

    This exceptional 52,500-square-foot warehouse, situated on a substantial 7.96-acre lot in New Baltimore, Michigan, presents a compelling investment opportunity. The property boasts a prime location with main road frontage on Gratiot Avenue, offering convenient access to the I-94 Expressway, ensuring seamless transportation and logistics. The warehouse features impressive 14' to 20' clear ceiling heights, providing ample vertical space for various industrial uses. Functionality is maximized with four truckwells and three 12x14' grade-level doors, facilitating efficient loading and unloading. The building also includes 2,000 to 5,500 square feet of office space, catering to administrative needs. Zoned M-2 for heavy industrial use, this property offers extensive parking and is ideal for businesses requiring significant space and convenient access to major transportation routes. The property is available for sale, with lease options ranging from 13,000 to 52,500 square feet at a rate of $4.00 to $4.50 per square foot, NNN. The property's APN is 009-017-201-009-00-00, and its address is 52365 Gratiot Avenue, New Baltimore, MI 48051. Contact for sale pricing.

    Property profile
    Verified
    Property type Warehouses
    Use group MINI-WAREHOUSE, STORAGE
    Year built 1960
    Total area 57,417 SF
    Lot 7.96 ac (346,825 SF)
    Zoning code M2 GEN
    APN 15-09-17-201-009
    UPID US43-0113373
    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
    • Fairlane Tool Co Inc Industrial Manufacturer
    • Machinery Plaza Industrial Manufacturer
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.81M
    Blend (final) Blend
    $1.81M
    Owner & transaction history
    MACHINERY PLAZA, INC
    MACHINERY PLAZA, INC
    Zoning & alternative use
    M2 GEN · Chesterfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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