46896-46916 Gratiot Ave
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46896-46916 Gratiot Ave
12,300 SF 100% Leased Retail Building Chesterfield, MI 48051 $1,500,000 ($122/SF) 8.60% Cap Rate
Investment Highlights
- Excellent location on Gratiot ave and 21 MIle Rd.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
12,300 SF
Building Class
C
Year Built
1987
Price
$1,500,000
Price Per SF
$122
Cap Rate
8.60%
NOI
$129,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Land Acres
0.85 AC
Zoning
C3, Chesterfield - General Commercial
Parking
20 Spaces (1.85 Spaces per 1,000 SF Leased)
Frontage
130 FT on Gratiot Ave
PROPERTY TAXES
| Parcel Number | 15-09-31-126-028 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $458,200 |
PROPERTY TAXES
Parcel Number
15-09-31-126-028
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$458,200
-
Bill Smith - WES-LLS Holdings, LLC
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46896-46916 Gratiot Ave
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