49510 Gratiot AVE, Chesterfield Township, MI 48051
Est. $1,411/mo with current taxes · · See the breakdown
About this home
Prime Gratiot Avenue Opportunity in Chesterfield Township! Bring your vision to this property offering excellent potential for redevelopment, renovation, or a complete rebuild. The existing 1 ½-story bungalow has been extensively gutted on the main level and requires major structural repairs or possible demolition. The second floor is inaccessible due to deteriorated stairs, and the overall condition of the structure is unknown. Property is being sold AS-IS, with no repairs to be made by the seller. Situated along highly traveled Gratiot Avenue, this location offers excellent exposure and potential for a variety of future uses, subject to township approval and zoning requirements. Property is vacant and may be purchased in conjunction with the neighboring property, which is also available for sale. An excellent opportunity for investors, builders, and developers looking for a project in a desirable, high-visibility location. No interior access permitted without prior authorization due to unsafe conditions.
Monthly payment
The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then.The uncapped tax line is this home's bill after it uncaps: half the price times 29.24 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.
The facts
| Price | $175,000 |
| Beds | 2 |
| Baths | 1 full |
| Square feet | 856 |
| Type | Single family residence |
| Subdivision | S/P # 22 FULLERS SMALL FARMS |
| County | Macomb |
| MLS # | 58050226311 |
| Listed | 2026-10-29 |
| Days on market | 1 |
| Year built | 1940 |
| Possession | At closing |
| Stories | 1.5 stories |
| Heating | Natural gas |
| Foundation | Slab |
| Water / Sewer | City water & sewer |
| Parcel number | 150919476009 |
| Listing office | RE/MAX First |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $25,729 | about $87,500 |
| Yearly property tax | $1,716 | about $2,559 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $843 a year more than this seller pays. The assessor's state equalized value (SEV) is $69,400. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Chesterfield Township's 2025 homestead rate of 29.24 mills and assumes you claim the homestead exemption. See Chesterfield Township's full tax breakdown or run the uncapping calculator.
Location
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and MiRealSource, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-11-04T12:25+00:00; refreshed at least twice daily.