Add Listing
    For Lease
    • 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

    4450 24th Ave Fort Gratiot, MI 48059

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Land outlots available at Birchwood Mall with high visibility.

    Type:Land
    Property size:
    1 SF
    Lot size:
    1.50 Acres
    Added:
    Jan 27, 2026
    Days on Market:
    64
    Last Refresh:
    Mar 26 at 12:07 am

    Property Features for 4450 24th Ave

    General Information

    Standard status
    Active
    Size
    1 SF
    Lot size
    1.50 Acres
    Property subtype
    Land

    Building Details

    Year Built
    1990

    Spaces For Lease

    at 4450 24th Ave Contact us

    We can help!

    Listing Contact
    Jenna Tharp
    Jenna Tharp

    Listing agent Jenna Tharp License #SAL.2020006237

    Listing office SVN Summit Commercial Real Estate Advisors

    Listing date Jan 27, 2026

    Source Svn

    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 SVN Summit Commercial Real Estate Advisors

    Overview

    Birchwood Mall Outlots Available

    Outlots are available at Birchwood Mall, adjacent to Dunham's Sports. The location offers significant visibility, with over 22,000 vehicles per day at the intersection of 24th Avenue and Keewahdin. Birchwood Mall includes nearly 60 stores, with anchor tenants such as Target, Dunham's Sports, and JCPenney, as well as outlots occupied by Panera and a newly constructed Culver's. Located in Fort Gratiot, Michigan, the outlots offer 1 to 2 sites up to 1.5 acres. The median household income within a 3-mile radius is over $62,000. The property is situated in the primary trade area of Fort Gratiot, serving a population of over 160,000. The site benefits from retail tourism from Ontario, Canada, via the Blue Water Bridge, and is near the Fort Gratiot Lighthouse monument. Birchwood Mall is undergoing a revitalization plan, adding new tenants and becoming a hub for indoor recreational games and sports, including pickleball, volleyball, and table tennis. The property provides easy access to highway I-94 via M-25.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Gratiot
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.4551
    Latitude
    43.0383

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space Inside Meijer Store

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      4775 24th Ave, Fort Gratiot, MI 48059
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces for lease in Fort Gratiot.
      4161-4167 24th Avenue, Fort Gratiot, MI 48059
      View Details
    • Contact for pricing

      Birchwood Mall Outlots Available

      Commercial land for rent with high visibility and traffic.
      4450 24th Ave, Fort Gratiot Twp, MI 48059
      View Details
    • Contact for pricing

      Retail Space in Fort Gratiot

      Former Gander Outdoors space available for lease in Michigan.
      4055 24th Ave, Fort Gratiot Twp, MI 48059
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land outlots available at Birchwood Mall with high visibility.
    Where is this commercial land located?
    The property is located at 4450 24th Ave Fort Gratiot, MI.
    What are key features of this property?
    This property features: Excellent visibility: over 22,000 vehicles per day at the 24th Ave & Keewahdin intersection.; Located at Birchwood Mall, which includes anchor tenants like Target, Dunham's Sports, and JCPenney's.; Situated in Fort Gratiot's primary trade area with a population of over 160,000.
    (231) 633-1642
    We can help!
    Listing Contact
    Jenna Tharp
    Jenna Tharp
    Real Estate License ID: SAL.2020006237
    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!