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    45729 Gratiot Ave Macomb Twp, MI 48042

    For Sale
    $3,250,000

    Commercial/Industrial - Macomb Twp, MI

    Property size:
    946,995 SF
    Lot size:
    21.74 Acres
    Days on Market:
    219
    Last Refresh:
    Dec 9 at 8:06 am

    Property Features for 45729 Gratiot Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial,Residential
    APN
    0000000000000
    Size
    946,995 SF
    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# 31358880 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 Gratiot Frontage Land

    This property features 765 feet of frontage on Gratiot Avenue and comprises 21.74 acres. Zoned for both commercial and residential use, it presents opportunities for various developments. The location is near Walmart, Menards, Cabelas, Ford, Hampton Inn, and Holiday Inn. The property is suitable for a new residential development or business. Existing homes and a building on the premises are currently occupied and generating positive cash flow. This is a rare opportunity in a fast-developing area. The property includes the following parcels: 45815, 45729, 45777, and 45925 Gratiot. The total living area is 946995 square feet.
    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
    -82.8583954
    Latitude
    42.6347674

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    FAQs

    What type of property is this?
    Commercial land - 21.74 acres of prime commercial and residential land.
    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 building
    (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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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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