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Gratiot Portfolio 2 Retail Properties Offered at $2,275,000 in Chesterfield, MI
EXECUTIVE SUMMARY
Prime investment opportunity, 2 buildings next to each other on busy Gratiot Avenue. Combined lease space is 24,000 sq ft. One-story plaza is 12,300 sq ft and has 4 separately metered units. Other building is two-story, single tenant, and 11,700 sq ft. Over $240k in building renovations over the past 4 years (HVAC, roof, doors, bathrooms, etc).
PROPERTY FACTS
| Price | $2,275,000 | Number of Properties | 2 |
| Price / SF | $94.79 / SF | Individually For Sale | 2 |
| Cap Rate | 8.62% | Total Building Size | 24,000 SF |
| Sale Type | Investment | Total Land Area | 1.57 AC |
| Status | Active |
| Price | $2,275,000 |
| Price / SF | $94.79 / SF |
| Cap Rate | 8.62% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 24,000 SF |
| Total Land Area | 1.57 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 46896-46916 Gratiot Ave, Chesterfield, MI 48051 | Retail | 12,300 SF | 1987 | $1,350,000 |
| 46860 Gratiot Ave, Chesterfield, MI 48051 | Retail | 11,700 SF | 1973 | $1,100,000 |
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