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Commercial Land with Two Buildings
For Sale
$949,900

59845 GRATIOT Ave, New Haven, MI 48048

5+ acres of commercial land with two buildings.

Property Size4,183 SF
Lot Size5.04 Acres
Price / SF$316.63
Days on Market164

Property Features for 59845 GRATIOT Ave

General Information

Standard status Active
Size 4,183 SF
Lot size 5.04 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $12,009

Building Details

Building Size 4,183 SF
Year Built 1940
Listing Agency:
Listed By: Salam Bakkal · License #6501318341
Source: Elliman
Added: Mar 11 Changed: Jul 10 Last Checked: Jul 10 at 3:49PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Salam Bakkal

Investment Insights

Based on property information with market context.

This property features over 5 acres of commercial land improved with two buildings. One building offers 3,000 square feet of bay garage and storage space, and benefits from a new rubber roof and city-approved electric updates. The second building, with 1,100 square feet, contains 3 bedrooms, 1 bathroom and a basement, and is currently used as an office. City water and sewer services the property.

Key Highlights

  • 5+ Acres of Commercial Land
  • Two Buildings Included
  • 3,000 SF Bay Garage & Storage Space**

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Hair Salon Auto Repair Shop Spa & Massage Center Grocery & Convenience Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

79
Businesses Nearby
2k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 100%
Hungry Howie's Pizza Dining
1,519 visits/mo 0.5 miles

Demographics for 48048, MI

10,561
Population
3,518
Households
3
Avg Household Size
36
Median Age
16%
College-Educated
89%
High-School Grad
20.1 sq mi
ZIP Area
525
Density / Sq Mi
$68,990
Median Household Income
$35,221
Median Earnings
$1,365
Median Rent
$194,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - 5+ acres of commercial land with two buildings.
Where is this commercial land located?
The property is located at 59845 GRATIOT Ave New Haven, MI.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 5+ Acres of Commercial Land; Two Buildings Included; 3,000 SF Bay Garage & Storage Space**
More about this property
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