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53100 Gratiot Ave
Chesterfield, MI 48051
Teddy Bar · Retail Property For Sale


Executive Summary
Commanding a hard corner on heavily traveled Gratiot Road at 24 Mile, this property offers the kind of exposure most businesses spend years trying to achieve. The building is currently operating as a restaurant and is in excellent condition, making it a true turnkey opportunity for an owner-operator.
All furniture, fixtures, equipment, and required licenses are included, allowing a seamless transition for a new operator. The space has been well maintained and reflects pride of ownership throughout. With constant traffic counts, strong visibility, and easy access, the location supports immediate operation and long-term customer recognition.
Beyond its current use, this property also stands out as a premier opportunity for investors and developers. The hard-corner location provides rare dual access from both Gratiot Road and 24 Mile, offering flexibility for future site planning and redevelopment. Strong frontage, consistent traffic flow, and surrounding commercial development position the parcel well for retail or other commercial uses.
The existing building is well constructed and in great condition, providing options to continue operating, repurpose, or redevelop as market demand dictates. Whether acquired as a turnkey business location or a high-visibility redevelopment site, this property offers a combination of exposure, access, and long-term commercial value that is increasingly difficult to find.
All furniture, fixtures, equipment, and required licenses are included, allowing a seamless transition for a new operator. The space has been well maintained and reflects pride of ownership throughout. With constant traffic counts, strong visibility, and easy access, the location supports immediate operation and long-term customer recognition.
Beyond its current use, this property also stands out as a premier opportunity for investors and developers. The hard-corner location provides rare dual access from both Gratiot Road and 24 Mile, offering flexibility for future site planning and redevelopment. Strong frontage, consistent traffic flow, and surrounding commercial development position the parcel well for retail or other commercial uses.
The existing building is well constructed and in great condition, providing options to continue operating, repurpose, or redevelop as market demand dictates. Whether acquired as a turnkey business location or a high-visibility redevelopment site, this property offers a combination of exposure, access, and long-term commercial value that is increasingly difficult to find.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
3,813 SF
Building Class
C
Year Built
2005
Price
$1,928,500 CAD
Price Per SF
$505.77 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.88 AC
Zoning
C4 - Multi Use Commercial
Parking
56 Spaces (14.69 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 15-09-08-477-005 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $654,864 CAD |
Property Taxes
Parcel Number
15-09-08-477-005
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$654,864 CAD
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