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    Gratiot Rd New Haven, MI 48048

    Sponsored
    For Sale
    $880,000

    24.2 Acres, $880,000 - Lenox, MI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 24.2-acre commercial land parcel presents a unique investment opportunity in Lenox, Michigan, within Macomb County. Located at 0 Gratiot Road, zip code 48048, this property boasts a highly desirable location with excellent access to major transportation routes. The expansive acreage offers significant potential for a wide range of commercial developments, catering to various business needs. The land is currently undeveloped, providing a blank canvas for ambitious projects. Its flat topography simplifies construction and site preparation, minimizing potential development challenges. The property's strategic location within Macomb County offers access to a robust workforce and a thriving local economy. With its considerable size and prime location, this property represents a rare chance to acquire a substantial land holding in a rapidly growing area. The asking price is $880,000. Detailed site surveys and environmental reports are available upon request. This is an exceptional opportunity for developers and investors seeking a significant land acquisition in a highly sought-after location. The property's coordinates are 42.7440097 latitude and -82.7886395 longitude. Serious inquiries only.

    Property Features for 0 Gratiot Rd

    General Information

    Property type
    Land
    Lot Size
    1,054,152 SF

    HighLights

    • $880,000 asking price.
    • 24.2‑acre commercial land parcel.
    • Located at 0 Gratiot Road, Lenox, MI 48048 (Macomb County).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Haven
    County
    Macomb
    State
    Michigan
    Longitude
    -82.7886395
    Latitude
    42.7440097

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    FAQs

    What type of property is this?
    Land - 24.2 Acres, $880,000 - Lenox, MI
    Where is this land located?
    The property is located at Gratiot Rd New Haven, MI.
    What is the asking price?
    The asking price for this property is $880,000.
    What are key features of this property?
    This property features: $880,000 asking price.; 24.2-acre commercial land parcel.; Located at 0 Gratiot Road, Lenox, MI 48048 (Macomb County).
    (586) 840-0440
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    Gratiot Rd New Haven, MI 48048
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    New Haven, MI 48048
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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
    Gratiot Rd New Haven, MI 48048
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