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Gratiot Portfolio 2 Retail Properties Offered at £1,700,926 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 | £1,700,926 | Number of Properties | 2 |
| Price psf | £70.87 / sq ft | Individually For Sale | 2 |
| Yield | 8.62% | Total Property Size | 24,000 sq ft |
| Sale Type | Investment | Total Land Area | 1.57 ac |
| Status | Active |
| Price | £1,700,926 |
| Price psf | £70.87 / sq ft |
| Yield | 8.62% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Property Size | 24,000 sq ft |
| 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 sq ft | 1987 | £1,009,341 |
| 46860 Gratiot Ave, Chesterfield, MI 48051 | Retail | 11,700 sq ft | 1973 | £822,426 |
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