47800 Gratiot AveChesterfield, MI 48051

Property Details for 47800 Gratiot Ave

Year built

2000

Lot size

1.39 AC

Property size (Sq ft)

12,720 SF

Zone code

C3 GEN

Property type

Office buildings

APN

15-09-30-326-011

APU

150930326011

Description

This exceptional 12,720-square-foot medical office building, situated on a 1.38-acre lot in Chesterfield, Michigan, presents a unique investment opportunity. Built in 1985, the property boasts a modern and updated interior with clean finishes and a versatile layout, easily adaptable to various medical practices or office uses. Currently, 6,360 square feet of space is immediately available for lease, offering significant potential for expansion or consolidation. The building features ample natural light, creating a bright and welcoming atmosphere for patients and staff. The convenient location on Gratiot Avenue in Macomb County provides excellent visibility and accessibility, with quick access to major roadways. Furthermore, the property includes 93 dedicated parking spaces, ensuring ample parking for patients, staff, and visitors. The property is zoned for office use and offers a turnkey solution for businesses seeking a well-maintained and strategically located space. This prime location offers proximity to a variety of amenities, dining, and retail options, enhancing the overall appeal and convenience for tenants and their clients. The building's multiple tenancy allows for flexibility and potential for diverse income streams. This is an ideal opportunity for a medical practice or other office-based business seeking a well-equipped and conveniently located space in a thriving community. The property is located at 47800 Gratiot Ave, Chesterfield, MI 48051.

• CAP approach

  CAP return

  Valuation

  6%

  $2,645,574

  6.5%

  $2,442,068

  7%

  $2,267,635

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,189,829

  Geo Method

  $1,189,829

• Alternative Use

  Use

  Valuation

  Residential

  $3,028,165

  Hospitality

  $2,773,783

  Educational

  $2,307,755

  Medical

  $2,387,122

  Retail

  $3,589,841

Location Insight

City

Chesterfield

County

Macomb

State

Michigan

Latitude

42.6509

Longitude

-82.8493

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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