48475 GratiotChesterfield, MI 48051

  • Retail properties
  • 5,012 SF
Off market
$406,923 Estimated

Property Details for 48475 Gratiot

Year built
1977
Lot size
5.16 AC
Property size (Sq ft)
5,012 SF
Zone code
M2 GEN
Property type
Retail properties
Property subtype
Auto shops
APN
15-09-30-126-028
APU
150930126028

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,532,362
    6.5%
    $1,414,488
    7%
    $1,313,453
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,181,433
    Geo Method
    $1,181,433
  • Alternative Use

    Use
    Valuation
    Residential
    $1,193,173
    Hospitality
    $1,092,940
    Educational
    $909,313
    Medical
    $940,586
    Retail
    $1,414,488
48475 Gratiot, Chesterfield, Michigan

Location Insight

City
Chesterfield
County
Macomb
State
Michigan
Latitude
42.6567
Longitude
-82.8492
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $336,300
  • Tax year
    2022
  • Tax bill
    $10,763

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