Listing Agency: M. Shapiro Real Estate Group

Listed By: Michael Shapiro · License #MI 6501363498

Source: Crexi

Added: Sep 9, 2019 Changed: Aug 8 Last Checked: Aug 8 at 4:06AM

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Investment Insights

Based on property information with market context.

This property features 15 +/- acres of vacant land situated in Chesterfield Township. The site offers excellent visibility and frontage, with 760 feet of frontage on Gratiot Avenue. The zoning is RM-2 Multi Family. The property consists of four parcels located on the east side of Gratiot Avenue, north of 25 Mile Road.

Key Highlights

• 15 +/- acres of vacant land, perfect for development.
• Zoned RM‑2 multi family, offering great potential.
• 760' of frontage on Gratiot Ave.

Property Analytics

Property Profile

Current Use

Residential land & home ...

Suggested Use

Top Pick Restaurant Real Estate Agency Electrical Service Storage Facility Kitchen & Bath Showroom HVAC 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

198

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

Questions? Ask Rey

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What type of property is this? Where is this residential land & home lots 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?

Residential land & home lot - 15 +/- acres of vacant land with frontage on Gratiot Ave.

Where is this residential land & home lot located?

The property is located at 55370 Gratiot Ave Chesterfield Township, MI.

What is the asking price?

The asking price for this property is $2,499,000.

What are key features of this property?

This property features: 15 +/- acres of vacant land, perfect for development.; Zoned RM‑2 multi family, offering great potential.; 760' of frontage on Gratiot Ave.