Property profile

56877 Gratiot Ave Chesterfield Township, MI 48051

OFF-MARKET
Industrial land
Property ID
US43-3949172
920 SF 3 ac lot Built 1950
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Exceptional investment opportunity in Chesterfield Township, MI, presents a fully licensed and permitted adult-use cannabis provisioning center. This 3,200 square foot, freestanding building is under construction and will be delivered in a white-box condition by the first quarter of 2025. The property boasts a highly desirable 20-year triple-net (NNN) lease at $16,670 per month, with annual rent increases. Situated on a 3.01-acre lot on heavily trafficked Gratiot Avenue (19,816+ vehicles per day), this location offers unparalleled brand visibility and accessibility. The building includes prominent signage and ample parking for 50 vehicles. This is one of only four provisioning center licenses in Chesterfield Township, making it a rare and highly sought-after asset. The M-2 zoning ensures flexibility and future development potential. A planned second retail building on the site will further enhance co-tenancy synergy and attract additional foot traffic. The surrounding area features a dense residential population and several national retailers, creating a strong and stable market for this unique investment. The asking price is $1,500,000, representing a price per square foot of $468.75. This turnkey opportunity provides immediate access to a thriving market with significant growth potential.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Year built 1950
Total area 920 SF
Lot 3 ac (130,680 SF)
Zoning code M2 GEN
APN 15-09-04-226-008
UPID US43-3949172

Cap rate & NOI

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

Location

56877 Gratiot Ave Chesterfield Township, MI 48051-1308
Chesterfield Township metro Census 221500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$90k

Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

Zoning & alternative use

M2 GEN · Chesterfield Township, 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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