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    Avalon Mdws New Baltimore, MI 48051

    Sponsored
    For Sale
    $950,000

    Prime Commercial/Residential Land, I-94 Proximity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 11.59-acre parcel, known as Avalon Meadows, presents a unique investment opportunity in Chesterfield, Michigan (Macomb County, zip code 48051). Located at the intersection of Gratiot Ave and 25 Mile Road, this property boasts convenient access to I-94, enhancing its appeal for various development projects. The land is zoned RM2, permitting multi-family residential development. Detailed site plans for an 80-unit condominium development have already been approved, significantly streamlining the approval process for a future owner. Comprehensive due diligence materials are available, including a topographic survey, Phase 1 environmental assessment, and a geotechnical report. These reports provide a thorough understanding of the site's characteristics and potential development challenges. The property's Assessed Parcel Number (APN) is 09-04-451-006. The asking price for this strategically located and well-documented property is $950,000. This presents a rare chance to acquire a ready-to-develop site with significant potential for substantial returns. The property's dual commercial and residential zoning offers flexibility for a variety of development scenarios. Interested parties are encouraged to review the available documentation for a complete understanding of the property's potential.

    Property Features for 0 Avalon Mdws

    General Information

    Property type
    Land
    Lot Size
    504,860 SF

    HighLights

    • 11.59‑acre parcel in Chesterfield, MI (48051), located at Gratiot Ave & 25 Mile Rd, with I‑94 access.
    • RM2 zoning allows multi‑family residential development; approved plans for an 80‑unit condo project.
    • Comprehensive due diligence completed, including topographic survey, Phase 1 environmental, and geotechnical reports.
    • APN: 09‑04‑451‑006; Asking price: $950,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Baltimore
    County
    Macomb
    State
    Michigan
    Longitude
    -82.80642024933
    Latitude
    42.707883783953

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    FAQs

    What type of property is this?
    Land - Prime Commercial/Residential Land, I-94 Proximity
    Where is this land located?
    The property is located at Avalon Mdws New Baltimore, MI.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 11.59-acre parcel in Chesterfield, MI (48051), located at Gratiot Ave & 25 Mile Rd, with I-94 access.; RM2 zoning allows multi-family residential development; approved plans for an 80-unit condo project.; Comprehensive due diligence completed, including topographic survey, Phase 1 environmental, and geotechnical reports.
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    Avalon Mdws New Baltimore, MI 48051
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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
    Avalon Mdws New Baltimore, MI 48051
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