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    45729 Gratiot Ave Macomb Twp, MI 48042

    For Sale
    $3,250,000

    Vacant Land - Macomb Twp, MI

    Lot size:
    21.74 Acres
    Days on Market:
    221
    Last Refresh:
    Dec 11 at 8:06 am

    Property Features for 45729 Gratiot Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial,Residential
    APN
    00000000000000
    Lot size
    21.74 Acres

    Building Details

    Architectural style
    Other

    Real Estate One of Michigan (586) 200-1972 [email protected]

    Listing agent Ian Ross (586) 200-1972 License #6501330176

    Listing date May 5, 2025

    MLS# 31358884 Listing URL

    Copyright © 2025 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Land with Gratiot Frontage

    This property features 765 feet of frontage on Gratiot Avenue and comprises 21.74 acres. Zoned for both commercial and residential use, it presents a rare opportunity in a fast-developing location. The site is positioned near Walmart, Menards, Cabelas, Ford, Hampton Inn, and Holiday Inn. The land is suitable for a new residential development or business. Existing homes and a building on the property are occupied and generating positive cash flow. The property includes parcels 45815, 45729, 45777, and 45925 Gratiot in Macomb Twp, MI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Macomb Twp
    County
    Macomb
    State
    Michigan
    Longitude
    -82.859375
    Latitude
    42.63647

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    FAQs

    What type of property is this?
    Commercial land - 21.74 acres of prime land in Macomb Twp, MI.
    Where is this commercial land located?
    The property is located at 45729 Gratiot Ave Macomb Twp, MI.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: - Prime Gratiot frontage: 765 feet and 21.74 acres.; - Zoned commercial and residential.; - Positive cash flow from existing occupied homes and buildings.
    (586) 200-1972
    Request Owner's contact information
    45729 Gratiot Ave Macomb Twp, MI 48042
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    45729 Gratiot Ave Macomb Twp, MI 48042
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