56877 Gratiot AveNew Baltimore, MI 48051

Property Details for 56877 Gratiot Ave

Year built

1950

Lot size

3.00 AC

Property size (Sq ft)

920 SF

Zone code

M2 GEN

Property type

Industrial land

APN

15-09-04-226-008

APU

150904226008

Description

Exceptional investment opportunity in Chesterfield Township, MI, presents a fully licensed and permitted adult-use cannabis provisioning center. This 3,200 square foot, freestanding building is under construction and will be delivered in a white-box condition by the first quarter of 2025. The property boasts a highly desirable 20-year triple-net (NNN) lease at $16,670 per month, with annual rent increases. Situated on a 3.01-acre lot on heavily trafficked Gratiot Avenue (19,816+ vehicles per day), this location offers unparalleled brand visibility and accessibility. The building includes prominent signage and ample parking for 50 vehicles. This is one of only four provisioning center licenses in Chesterfield Township, making it a rare and highly sought-after asset. The M-2 zoning ensures flexibility and future development potential. A planned second retail building on the site will further enhance co-tenancy synergy and attract additional foot traffic. The surrounding area features a dense residential population and several national retailers, creating a strong and stable market for this unique investment. The asking price is $1,500,000, representing a price per square foot of $468.75. This turnkey opportunity provides immediate access to a thriving market with significant growth potential.

• Alternative Use

  Use

  Valuation

  Residential

  $219,018

  Hospitality

  $200,620

  Educational

  $166,913

  Medical

  $172,653

  Retail

  $259,643

Location Insight

City

Chesterfield Township

County

Macomb

State

Michigan

Latitude

42.7183

Longitude

-82.7995

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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