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    58143 Gratiot Ave New Haven, MI 48048

    Sponsored
    For Sale
    $259,000

    3.087 Acres, High-Growth Area, Great Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.087-acre commercial land parcel presents a remarkable investment opportunity in New Haven, Michigan. Located at 58143 Gratiot Ave, this property boasts an impressive 190 feet of frontage on the heavily trafficked Gratiot Avenue, ensuring high visibility and accessibility. The site is ideally situated within a rapidly developing area of Macomb County, surrounded by established residential subdivisions and thriving businesses, creating a strong foundation for future development. All utilities are readily available, simplifying the construction process and minimizing upfront costs. Currently zoned GB (General Business), this versatile property offers a wide range of development possibilities, from retail and commercial ventures to potential mixed-use projects. The asking price of $259,000 represents an attractive entry point into this dynamic market, offering significant potential for appreciation and strong returns on investment. The property's prime location, combined with its size and zoning, makes it an exceptional opportunity for developers and investors seeking a strategic foothold in a thriving community. Detailed zoning information and development guidelines are available upon request. The property is located in Macomb County, Michigan, with a zip code of 48048. The coordinates are 42.7281942 latitude and -82.7910555 longitude.

    Property Features for 58143 Gratiot Ave

    General Information

    Property type
    Land

    HighLights

    • 3.087‑acre commercial land parcel in New Haven, MI.
    • 190 feet of frontage on heavily trafficked Gratiot Ave.
    • Located in a rapidly developing area of Macomb County, near residential and commercial properties.
    • All utilities available.
    • GB (General Business) zoning allows for diverse development options.
    • $259,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    Macomb
    State
    Michigan
    Longitude
    -82.7910555
    Latitude
    42.7281942

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    FAQs

    What type of property is this?
    Land - 3.087 Acres, High-Growth Area, Great Frontage
    Where is this land located?
    The property is located at 58143 Gratiot Ave New Haven, MI.
    What is the asking price?
    The asking price for this property is $259,000.
    What are key features of this property?
    This property features: 3.087-acre commercial land parcel in New Haven, MI.; 190 feet of frontage on heavily trafficked Gratiot Ave.; Located in a rapidly developing area of Macomb County, near residential and commercial properties.
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    Realmo Value Estimation

    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.

    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.

    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
    58143 Gratiot Ave New Haven, MI 48048
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