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46860 Gratiot Ave
Chesterfield, MI 48051
Retail Property For Sale
EXECUTIVE SUMMARY
Building is 11,700 sq ft
Main level is 7,800 sq ft
Front entry and side entry doors
10x10 overhead door on side of building with nearby floor drain
Interior walls (non-loadbearing) in rear of building could be removed to open up space
Two restrooms
Large open space for showroom, shop, warehouse, flex space, etc.
Second level is 3,900 sq ft
Access via interior stairwell, additional stairwell access/entry door from front parking lot
Two restrooms
Kitchenette
Large conference room
Five large offices
Large open space in center
Gated / Lighted outdoor storage yard in rear is 10,000 sq ft
Could be repurposed as a parking lot and/or building expansion, entry and/or overhead door could be added onto rear of building.
Separate HVAC zones for main and upper level floors. Three rooftop units:
#1 new unit installed September 2019 ($10,000)
#2 and #3 new units installed January 2024 ($45,000)
New EPDM rubber roof installed 2016 (complete tearoff). ($60,000)
Large pylon sign on busy Gratiot Ave
Environmental Phase I and Phase II, survey, and title work recently completed, reports / documents available
Zoned C-3, General Commercial
Main level is 7,800 sq ft
Front entry and side entry doors
10x10 overhead door on side of building with nearby floor drain
Interior walls (non-loadbearing) in rear of building could be removed to open up space
Two restrooms
Large open space for showroom, shop, warehouse, flex space, etc.
Second level is 3,900 sq ft
Access via interior stairwell, additional stairwell access/entry door from front parking lot
Two restrooms
Kitchenette
Large conference room
Five large offices
Large open space in center
Gated / Lighted outdoor storage yard in rear is 10,000 sq ft
Could be repurposed as a parking lot and/or building expansion, entry and/or overhead door could be added onto rear of building.
Separate HVAC zones for main and upper level floors. Three rooftop units:
#1 new unit installed September 2019 ($10,000)
#2 and #3 new units installed January 2024 ($45,000)
New EPDM rubber roof installed 2016 (complete tearoff). ($60,000)
Large pylon sign on busy Gratiot Ave
Environmental Phase I and Phase II, survey, and title work recently completed, reports / documents available
Zoned C-3, General Commercial
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,700 SF
Building Class
C
Year Built/Renovated
1973/2005
Price
$1,100,000
Price Per SF
$94.02
Cap Rate
5.79%
NOI
$63,697
Tenancy
Single
Building Height
2 Stories
Building FAR
0.37
Lot Size
0.72 AC
Zoning
C-3 General Commercial - The C-3 district is designed to provide for a wide diversity of business activities which are predominantly retail in character.
Parking
30 Spaces (2.56 Spaces per 1,000 SF Leased)
Frontage
78’ on Gratiot Ave
AMENITIES
- 24 Hour Access
- Fenced Lot
- Pylon Sign
- Security System
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 15-09-31-126-029 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $377,200 |
PROPERTY TAXES
Parcel Number
15-09-31-126-029
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$377,200
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