Listing Agency: P.A. Commercial Corporate & Investment Real Estate j***@pacommercial.com Show Phone

Listed By: John Arthurs · License #MI 6501222941

Source: Crexi

Added: Mar 4, 2021 Changed: Aug 13 Last Checked: Aug 19 at 6:14AM

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Investment Insights

Based on property information with market context.

This property features 2.99 acres of land with 370.73 feet of frontage on Gratiot Avenue. It is zoned M-1 for light industrial use. City water and sewer services are available at the site.

Key Highlights

• 2. 99 acres with 370.73 of frontage on Gratiot Ave
• Zoned M‑1 - Light Industrial
• City water and sewer are both available at the site

Property Analytics

Property Profile

Current Use

Industrial land

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Dental Office Big Box & Wholesale Store Hair Salon

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

34

Businesses Nearby

Explore this area Business Placement

Demographics for 48051, MI

17,718

Population

7,255

Households

2.4

Avg Household Size

40

Median Age

24%

College-Educated

91%

High-School Grad

14.2 sq mi

ZIP Area

1,248

Density / Sq Mi

$89,923

Median Household Income

$50,569

Median Earnings

$1,064

Median Rent

$247,500

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this industrial land located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial land - 2.99 acres of industrial land with frontage on Gratiot.

Where is this industrial land located?

The property is located at 53579 Gratiot Ave New Baltimore, MI.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: 2. 99 acres with **370.73 of frontage on Gratiot Ave**; Zoned M‑1 - Light Industrial; City water and sewer are both available at the site