46860 Gratiot Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
46860 Gratiot Ave
11,700 SF Retail Building Chesterfield, MI 48051 £954,624 (£82/SF) 5.50% Net Initial Yield
Investment Highlights
- 7,800 SF 1st floor showroom and shop space
- 9,000 SF gated exterior storage behind the building
- 13 parking spaces in front of building + additional overflow/employee parking in adjacent side lot
- 3,900 SF second floor administrative offices / Flex Space / Kitchen
- New roof in 2016, new HVAC in 2024
- 12,300 SF adjacent multi-tenant retail/flex building also available for sale by same owner
Executive Summary
A former motorsports dealership, this two story, 11,700 SF retail/flex building has excellent signage and visibility on one of Macomb County's major corridors in Chesterfield Twp. Has 10,000 sq ft gated outdoor storage behind building. Existing tenant triple-net lease. NOI = $60,000
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
£47,731
|
£4.08
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | £47,731 |
| Annual Per SF | £4.08 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
11,700 SF
Building Class
C
Year Built/Renovated
1973/2005
Price
£954,624
Price Per SF
£82
Net Initial Yield
5.50%
NOI
£52,504
Tenancy
Single
Number of Floors
2
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 ft on Gratiot Ave
Amenities
- 24 Hour Access
- Fenced Lot
- Pylon Sign
- Security System
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 15-09-31-126-029 | Improvements Assessment | £0 (2024) |
| Land Assessment | £0 (2024) | Total Assessment | £288,771 (2024) |
PROPERTY TAXES
Parcel Number
15-09-31-126-029
Land Assessment
£0 (2024)
Improvements Assessment
£0 (2024)
Total Assessment
£288,771 (2024)
1 of 19
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
WES-LLS Holdings, LLC
46860 Gratiot Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.