Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    61551 GRATIOT New Haven, MI 48048

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $425,000

    LAND - Lenox Twp, MI

    Added:
    Nov 15, 2025
    Days on Market:
    148
    Last Refresh:
    Apr 12 at 5:06 am

    Property Features for 61551 GRATIOT

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agricultural
    Standard status
    Active
    APN
    0623300008

    Taxes and HOA fees

    Tax Description
    PART OF SW 1/4 SEC 23; COMM AT W 1/4 POST SEC 23; TH S01*23'30"W 899.63 FT TO POB; TH S87*52'43"E 927.57 FT TO C/L O
    Tax Annual Amount
    1646

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Joseph Jajo

    Listing agent Joseph Jajo

    Listing office Community Choice Realty Inc 261 E Maple, Birmingham, MI

    Listing date Nov 15, 2025

    MLS# 20251054350

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lenox Vacant Agricultural Land

    This is a 13.26-acre agricultural-zoned tract with frontage on Gratiot Avenue in Lenox Township. The property offers high visibility and direct paved access, making it suitable for estate-sized homesites, hobby farming, or equestrian use. Public water is available at the street, and an existing septic system is in place. The property's deep, open layout provides flexibility for a variety of uses within Macomb County’s growing rural-residential market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Big Box & Wholesale Store Pharmacy Storage Facility (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    Macomb
    State
    Michigan
    Longitude
    -82.77042
    Latitude
    42.753674

    Nearby Similar for Sale

    • $425,000

      Commercial Land on Gratiot Avenue

      6.93-acre commercial land with utilities in New Haven, Michigan.
      65002 Gratiot, New Haven, MI 48050
      View Details
    • $649,000
      2,300 SF

      Industrial Land with Renovated House

      Industrial development opportunity with renovated house on 10 acres.
      57291 Rosell, New Haven, MI 48048
      View Details
    • $2,999,777

      60+ Acres Prime Land

      60.73 acres of land in Lenox Township, Macomb County.
      58651 Rosell, New Haven, MI 48048
      View Details
    • $899,998

      35-Acre Industrial Land Parcel

      Prime industrial land with railway access in New Haven, MI.
      0 Havenridge, New Haven, MI 48048
      View Details
    • $145,000
      6,400 SF

      Turnkey Neighborhood Market Opportunity

      Established grocery store in high-traffic area. Business opportunity.
      59069 Gratiot Avenue, New Haven Vlg, MI 48048
      View Details
    • $1,369,000
      12,808 SF

      Industrial Property with Drive-Thru Access

      Industrial property featuring drive-thru capabilities and ample outside storage.
      59230 Haven Ridge Rd, New Haven, MI 48048
      View Details
    • $329,900

      Versatile Land Near Interstate-94

      Agricultural land with potential for rezoning near major retailers.
      28937 26 Mile Rd, New Haven, MI 48048
      View Details
    • $49,900

      Residential Lot in Growing Community

      Half-acre residential lot ideal for custom home with walkout basement.
      000 Gratiot, New Haven, MI 48048
      View Details
    • $299,000

      Gratiot Avenue Development Opportunity

      Commercial land with frontage in a growing Macomb County area.
      58143 Gratiot Ave, New Haven, MI 48048
      View Details
    • $799,000
      1,000 SF

      Gratiot Ave Commercial Property

      Commercial property for sale on Gratiot Ave, New Haven.
      65600 Gratiot Ave, New Haven, MI 48050
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 13.26 acres of agricultural-zoned land with frontage on Gratiot Avenue.
    Where is this agricultural land / farmland located?
    The property is located at 61551 GRATIOT New Haven, MI.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Large 13.26‑acre agricultural‑zoned tract; Premium frontage on Gratiot Avenue with high visibility; Direct paved access
    (248) 729-0011
    We can help!
    Listing Contact
    Joseph Jajo
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!