51347-51405 Gratiot Avenue

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51347-51405 Gratiot Avenue

chesterfield, MI 48051
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

51347-51405 Gratiot Avenue is situated in the established commercial corridor of Chesterfield, Michigan. The property benefits from high visibility on a primary regional artery, positioned near the intersection of 23 Mile Road. The surrounding neighborhood features a mix of high-density residential developments and major big-box retailers, including regional shopping centers and national hardware chains. Transportation access is convenient via the nearby I-94 interchange, providing efficient connectivity to the broader Macomb County area and Detroit suburbs. The property is suited for diverse retail applications, including service-oriented shops, boutique showrooms, or medical office conversions. Given the consistent vehicular traffic and local demographic profile, the asset aligns with the needs of neighborhood-service providers such as fitness studios, professional services, or specialty food retailers. Typical tenants for this location include local businesses and regional franchises seeking a stable suburban customer base within a high-traffic retail environment.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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