For sale

$225,000

49520 Gratiot Ave, Chesterfield, MI 48051

3beds

856sqft

$1,571/mo

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Single Family Residence

Built in 1943

10,018 Square Feet Lot

$220,300 Zestimate^®

$263/sqft

$-- HOA

What's special

Excellent investment opportunity along highly traveled Gratiot Avenue in Chesterfield Township! This unique property offers approximately 50 feet of road frontage and 200 feet of depth, with an existing 1½-story home situated on the property. Ideal opportunity for investors, renovators, or developers looking to capitalize on this highly visible location. The adjacent property at 49510 Gratiot Avenue is also available for purchase, offering the potential to assemble approximately 100 feet of Gratiot frontage. Additional commercial property nearby is also being offered for sale, creating further possibilities for redevelopment. All potential uses subject to township zoning and approval.

15 days
293
7

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Bedroom 1

Level: Second
Width: 10

Bedroom 2

Level: Second
Area: 100
Dimensions: 10 x 10

Bedroom 3

Level: Entry
Area: 100
Dimensions: 10 x 10

Bathroom 1

Level: Entry

Heating

Forced Air, Natural Gas

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 856
Total interior livable area: 856 sqft
Finished area above ground: 856
Finished area below ground: 0

Property

Features

Levels: One and One Half
Stories: 1.5
Frontage type: Road
Frontage length: 50

Lot

Size: 10,018 Square Feet
Dimensions: 50 x 200

Details

Parcel number: 150919476008
Special conditions: Private

Construction

Type & style

Home type: SingleFamily
Architectural style: Craftsman
Property subtype: Single Family Residence

Materials

Wood Siding
Foundation: Slab

Condition

Year built: 1943

Utilities & green energy

Sewer: Public Sanitary
Water: Public

Community & HOA

Community

Subdivision: S/P # 22 Fullers Small Farms

HOA

Has HOA: No

Location

Region: Chesterfield

Financial & listing details

Price per square foot: $263/sqft
Tax assessed value: $145,000
Annual tax amount: $2,838
Date on market: 10/30/2026
Cumulative days on market: 15 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Estimated market value

$220,300

$209,000 - $231,000

$1,518/mo

Price history

Date	Event	Price
10/30/2026	Listed for sale	$225,000-43.6%$263/sqft
Source: MiRealSource #50226315 Report a problem
6/11/2026	Listing removed	$399,000$466/sqft
Source: MiRealSource #50130289 Report a problem
5/26/2026	Price change	$399,000-4.8%$466/sqft
Source: MiRealSource #50130289 Report a problem
5/13/2026	Listed for sale	$419,000-4.6%$489/sqft
Source: MiRealSource #50130289 Report a problem
9/15/2025	Listed for sale	$439,000-2.2%$513/sqft
Source: MiRealSource #50130289 Report a problem
12/22/2023	Listed for sale	$449,000+506.8%$525/sqft
Source: MiRealSource #50130289 Report a problem
9/16/2004	Sold	$74,000+196%$86/sqft
Source: Public Record Report a problem
5/8/2000	Sold	$25,000$29/sqft
Source: Public Record Report a problem
6/23/1995	Sold	$25,000$29/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$2,838 +34.5%	$72,500 +4.5%
2025	$2,110 +15.2%	$69,400 +17%
2024	$1,831 +28.2%	$59,300 +36%
2023	$1,429 +3.4%	$43,600 +4.6%
2022	$1,381	$41,700 +3%
2021	--	$40,500 +7.4%
2020	--	$37,700 +6.5%
2019	--	$35,400 +18%
2018	$1,148 +155.6%	$30,000 +21.2%
2017	$449	$24,750
2016	$449	$24,750 +22.8%
2015	$449	$20,150 +13.2%
2014	--	$17,800
2012	--	--
2009	--	--
2001	$559 +1.6%	$19,314 +3.2%
2000	$551	$18,716