49904-49908 Gratiot Ave - Storefront FOR SALE


Chesterfield, MI 48051- New Baltimore
$999,000 USD
313-886-5670
49904-49908 Gratiot Ave, Chesterfield, MI for Sale
$999,000 USD
Storefront - FOR SALE
1/5
null | Request Cap Rate

49904-49908 Gratiot Ave
Chesterfield, MI 48051
New Baltimore


HIGHLIGHTS

  • Storefront property featuring multiple units with versatile layouts.
  • Two units include overhead garage doors for added use flexibility.
  • Excellent frontage with 160 feet along Gratiot Avenue for strong visibility.
  • Convenient access with drive points on north and south sides plus rear parking.
  • Positioned in a high-traffic retail corridor near restaurants, housing, and services.
  • Public sewer and water service with reinforced infrastructure in place.

OVERVIEW

This multi-unit retail property along heavily trafficked Gratiot Avenue offers investors a stable asset in the thriving Chesterfield corridor. Situated on 0.54 acres with 160 feet of frontage and C-3 zoning, the property includes four storefront units, two of which feature overhead garage doors, enhancing flexibility for various retail or service uses. With 74% occupancy at last record, it provides both current income and upside through leasing remaining space or long-term repositioning. The site benefits from ingress and egress points from both ends of the building, ample on-site and rear parking, and strong visibility to approximately 28,000 vehicles daily. Located in a well-established commercial corridor, the property is near residential neighborhoods, major retailers, and key transportation routes, making it attractive to tenants seeking exposure and convenience. Recent transaction history confirms ongoing demand for properties along this Gratiot corridor, reinforcing its appeal for both local and regional investors.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

C-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Fred AndaryAndary Realty CompanyMore Info
313-886-5670

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Fred AndaryAndary Realty CompanyMore Info
313-886-5670

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.