Industrial Development Land with
57291 Rosell Road New Haven, MI 48048
57291 Rosell Road, New Haven, MI, 48048
$649,000
Pending
For Sale
$649,000
Pending
COMMERCIAL - New Haven, MI
Property Size2,300 SF
Lot Size10.00 Acres
Days on Market475
Property Features for 57291 Rosell Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Standard status
- Pending
- APN
- 19-06-32-400-014
- Size
- 2,300 SF
- Lot size
- 10.00 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6637
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Private
Building Details
- Year built
- 1920
- Roof type
- Shingle
Listing Agency
Century 21 Professionals
(586) 731-8180
48680 Van Dyke, MI
Listed by
Marietta Bockart · License #6501365198
(586) 453-7963
Added: Apr 2, 2025 Checked: Jul 20 at 5:06 am
MLS# 50170226
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Investment Insights
Based on property information with market context.
This offering consists of a 10-acre industrial development land parcel with an on-site, totally renovated two-story house. The residence includes four bedrooms and two bathrooms, along with a living room, family room, kitchen, and laundry area. Recent improvements listed include new windows, new flooring, updated cabinets with granite countertops, and new or replaced mechanicals such as a furnace and hot water tank, plus an air conditioner and water softener. The property also includes septic service, and the sale structure contemplates parcel splitting for the development approach.
The parcel is located at 57291 Rosell Road in New Haven, Michigan, in Macomb County. The split configuration is subject to approval, and the initial split is described as 10 acres. The listing also notes that additional acreage is available, which could support further splitting depending on approvals.
For buyers considering industrial development with flexibility in phased lot configurations, this property provides an on-site renovated structure alongside the land for potential future splits. The availability of additional acres may help accommodate multiple development phases, subject to split approval requirements.
The parcel is located at 57291 Rosell Road in New Haven, Michigan, in Macomb County. The split configuration is subject to approval, and the initial split is described as 10 acres. The listing also notes that additional acreage is available, which could support further splitting depending on approvals.
For buyers considering industrial development with flexibility in phased lot configurations, this property provides an on-site renovated structure alongside the land for potential future splits. The availability of additional acres may help accommodate multiple development phases, subject to split approval requirements.
Key Highlights
- Property offers an industrial development opportunity in Lenox Twp., with the first split proposed for 10 acres (subject to split approval).
- Totally renovated 2‑story home with 4 bedrooms and 2 baths, plus living room, family room, kitchen, and laundry.
- Updates include new windows, flooring, cabinets, and granite countertops, along with a renovated interior.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.2k | $18.36 |
| − Vacancy | −$3.0k | −$1.29 |
| EGI | $39.3k | $17.07 |
| − OpEx | −$17.7k | −$7.68 |
| NOI | $21.6k | $9.39 |
2,300 SF · lease $18.36/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$308.6K
$270.0K – $360.0K
NOI $21,600 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$430.6K
$376.8K – $502.4K
NOI $30,142 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial land - Ten-acre parcel with a renovated two-story home and potential for additional acreage splits subject to approval.
Where is this industrial land located?
The property is located at 57291 Rosell Road New Haven, MI.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Property offers an industrial development opportunity in Lenox Twp., with the first split proposed for 10 acres (subject to split approval).; Totally renovated 2‑story home with 4 bedrooms and 2 baths, plus living room, family room, kitchen, and laundry.; Updates include new windows, flooring, cabinets, and granite countertops, along with a renovated interior.
