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    96 Northbound Gratiot Ave Mount Clemens, MI 48043

    Sponsored
    For Sale
    $595,000

    Prime 0.86-acre riverfront development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.86-acre parcel presents a unique waterfront redevelopment opportunity in the heart of downtown Mount Clemens, Michigan. Located on Northbound Gratiot Avenue, this property boasts a coveted central business district (CBD) zoning designation, allowing for a diverse range of commercial and residential developments. Its prime riverfront location offers stunning views and immediate access to the water. The site's strategic position is further enhanced by its proximity to a newly constructed county parking garage, the newly developed Edison Crossing Neighborhood, and just one block from the Macomb County Court and other county buildings. The existing zoning permits high-rise residential construction, and preliminary plans for a 36-unit residential loft condo development are available for review. This presents a significant opportunity for investors and developers seeking to capitalize on the revitalization of downtown Mount Clemens. The property is situated in Macomb County, Michigan, with a 48043 zip code. The asking price for this exceptional land parcel is $595,000. This is a rare chance to acquire a substantial piece of land in a thriving urban area with significant potential for future growth and high returns.

    Property Features for 96 Northbound Gratiot Ave

    General Information

    Property type
    Land
    Lot Size
    37,462 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Clemens
    County
    Macomb
    State
    Michigan
    Longitude
    -82.878003645182
    Latitude
    42.592364341565

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    FAQs

    What type of property is this?
    Land - Prime 0.86-acre riverfront development site.
    Where is this land located?
    The property is located at 96 Northbound Gratiot Ave Mount Clemens, MI.
    What is the asking price?
    The asking price for this property is $595,000.
    Request Owner's contact information
    96 Northbound Gratiot Ave Mount Clemens, MI 48043
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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
    96 Northbound Gratiot Ave Mount Clemens, MI 48043
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