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    48530 Gratiot Ave New Baltimore, MI 48051

    Sponsored
    For Sale
    $285,000

    1.41 Acres, C3 Zoning, Excellent Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1.41-acre commercial land parcel, located at 48530 Gratiot in Chesterfield, Michigan (zip code 48051), presents a prime development opportunity. Zoned C3, this property boasts exceptional visibility on a high-traffic section of Gratiot Avenue, offering 145 feet of frontage and a depth of 432 feet. The total land area encompasses 61,420 square feet (1.41 acres), providing ample space for various commercial ventures. Its strategic location offers easy access to major thoroughfares, including I-94 and Hall Road, ensuring high traffic volume and convenient access for potential customers. All utilities are readily available, simplifying the development process. The property's APN is 09-30-251-022. This location is ideal for businesses seeking high visibility and convenient access to a large customer base. The asking price for this exceptional commercial land is $285,000. This represents a significant opportunity for investors and developers seeking a strategic location in a thriving commercial area.

    Property Features for 48530 Gratiot Ave

    General Information

    Property type
    Land
    Lot Size
    61,420 SF

    HighLights

    • 1.41‑acre commercial land parcel in Chesterfield, MI (48051) at 48530 Gratiot Ave.
    • 61,420 SF lot with 145' of frontage on high‑traffic Gratiot Ave.
    • C3 zoning.
    • Excellent access to I‑94 and Hall Road.
    • Utilities readily available.
    • Asking price: $285,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    New Baltimore
    County
    Macomb
    State
    Michigan
    Longitude
    -82.847400359518
    Latitude
    42.656408989462

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    FAQs

    What type of property is this?
    Land - 1.41 Acres, C3 Zoning, Excellent Visibility
    Where is this land located?
    The property is located at 48530 Gratiot Ave New Baltimore, MI.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: 1.41-acre commercial land parcel in Chesterfield, MI (48051) at 48530 Gratiot Ave.; 61,420 SF lot with 145' of frontage on high-traffic Gratiot Ave.; C3 zoning.
    Request Owner's contact information
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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
    48530 Gratiot Ave New Baltimore, MI 48051
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