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    Gratiot Lenox, MI 48048

    For Sale
    $880,000

    Vacant Land - Lenox, MI

    Lot size:
    24.20 Acres
    Days on Market:
    303
    Last Refresh:
    Dec 9 at 2:06 pm

    Property Features for Gratiot

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Agricultural
    APN
    19-06-23-100-014
    Lot size
    24.20 Acres

    Building Details

    Architectural style
    Other

    Real Living Kee Realty (586) 840-0400 [email protected]

    Listing agent Bill Minor (586) 840-0400 License #6501243324

    Listing date Feb 10, 2025

    MLS# 50140154 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

    24.2 Acres Development Land

    This 24.2-acre parcel is located on Gratiot in Lenox Township, MI. The property has 500 feet of frontage and is ideal for a variety of projects in a fast-developing area with many possibilities. It offers the flexibility to accommodate a wide range of business ventures and is ready for immediate development. Water, sewer, and gas utilities are available at the road. The land has been cleared and includes two culverts for property entry. A plat map is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lenox
    County
    Macomb
    State
    Michigan
    Longitude
    -82.7976
    Latitude
    42.7419

    Nearby Similar for Sale

    • $900,000

      Storage Facility Expansion Opportunity

      Operating storage facility with expansion potential on Gratiot Avenue.
      65600 Gratiot Ave, Lenox, MI
      View Details

    FAQs

    What type of property is this?
    Land - 24.2 acres of land ready for development.
    Where is this land located?
    The property is located at Gratiot Lenox, MI.
    What is the asking price?
    The asking price for this property is $880,000.
    What are key features of this property?
    This property features: - 24.2 acres of cleared land ready for immediate development.; - Located on Gratiot in a fast-developing area.; - 500 feet of frontage on Gratiot.
    (586) 840-0400
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    Gratiot Lenox, MI 48048
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    Lenox, MI 48048
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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
    Gratiot Lenox, MI 48048
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