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49904-49908 Gratiot Ave 9,160 SF 74% Leased Retail Building Chesterfield, MI 48051 $999,000 ($109.06/SF)
Investment Highlights
- Storefront property featuring multiple units with versatile layouts.
- Excellent frontage with 160 feet along Gratiot Avenue for strong visibility.
- Positioned in a high-traffic retail corridor near restaurants, housing, and services.
- Two units include overhead garage doors for added use flexibility.
- Convenient access with drive points on north and south sides plus rear parking.
- Public sewer and water service with reinforced infrastructure in place.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,160 SF
Building Class
C
Year Built
1941
Price
$999,000
Price Per SF
$109.06
Percent Leased
74%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
0.54 AC
Zoning
C-3
Frontage
160’ on Gratiot Ave
Space Availability
- Space
- Size
- Space Use
- Position
- Available
1,180 square foot retail space available for lease
Office or Retail use. Updated throughout with 2 updated offices and handicapped bathroom. Plenty of parking in front and rear. Can also be assembled with a 1600 sq. ft. warehouse for an additional charge at 49916 Gratiot.
| Space | Size | Space Use | Position | Available |
| 49906 | 1,180 SF | Retail | - | Now |
| 49908 | 1,200 SF | Office/Retail | - | Now |
49906
| Size |
| 1,180 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
49908
| Size |
| 1,200 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
49906
| Size | 1,180 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
1,180 square foot retail space available for lease
49908
| Size | 1,200 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Office or Retail use. Updated throughout with 2 updated offices and handicapped bathroom. Plenty of parking in front and rear. Can also be assembled with a 1600 sq. ft. warehouse for an additional charge at 49916 Gratiot.
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 6
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49904-49908 Gratiot Ave
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