49904-49908 Gratiot Ave - Storefront FOR SALE


Chesterfield, MI 48051- New Baltimore
$899,900 USD
313-886-5670
49904-49908 Gratiot Ave, Chesterfield, MI for Sale
$899,900 USD
Storefront - FOR SALE
1/5
null | Request Cap Rate

49904-49908 Gratiot Ave
Chesterfield, MI 48051
New Baltimore


HIGHLIGHTS

  • Prominent Gratiot Avenue frontage just south of 23 Mile Road.
  • Four storefronts support multi-tenant or owner-user flexibility.
  • Double-unit space includes a 12-foot overhead door.
  • Rear shop features a 10-foot overhead door and functional workspace.
  • Recent upgrades include roof, HVAC, electrical, and plumbing improvements.
  • Large lot exceeding one-half acre provides operational flexibility.

OVERVIEW

49904-49908 Gratiot Avenue presents an opportunity to acquire a recently improved commercial asset positioned along one of Chesterfield Township's most established retail and commuter corridors. Located just south of 23 Mile Road, the property benefits from prominent frontage along Gratiot Avenue, a major thoroughfare connecting businesses, residential communities, and regional destinations throughout northern Macomb County. The approximately 6,800-square-foot property sits on a lot exceeding one-half acre and offers a versatile configuration that supports a variety of retail, showroom, service, contractor, and owner-user applications. The building features four storefronts, including a double-unit space with a 12-foot overhead door, as well as a separate rear shop containing approximately 1,600 square feet with a 10-foot overhead door. This combination of retail frontage and functional service space provides flexibility for both single-user occupancy and multi-tenant operation. Extensive renovations and capital improvements are nearing completion, providing buyers with the opportunity to customize final finishes to suit operational needs or leasing strategies. Recent upgrades include improvements to the parking lot, roof, HVAC systems, electrical infrastructure, and plumbing, reducing near-term capital expenditure requirements while enhancing long-term property performance. Situated within a heavily traveled commercial corridor surrounded by established retail, service businesses, and growing residential neighborhoods, the property offers strong visibility, accessibility, and adaptability. Its combination of updated building systems, multiple storefront configurations, overhead-door access, and a sizable lot creates a compelling opportunity for investors and owner-users seeking a flexible commercial asset in a highly visible Macomb County location.

FOR SALE DETAILS

PRICE

$899,900 USD

PRICE/SF

$98 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

C-3

APN/PARCEL ID

15-09-19-428-006

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.