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    48936 Gratiot Ave New Baltimore, MI 48051

    Sponsored
    For Sale
    $395,000

    4.4-acre development site, all utilities.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.4-acre commercial and industrial land parcel presents a unique development opportunity in New Baltimore, Michigan. Located at 48936 Gratiot Ave, 48051, this property boasts approximately 625 feet of frontage on Gratiot Avenue, a high-traffic thoroughfare. The site benefits from the convenience of all utilities readily available at the street, minimizing infrastructure costs for future projects. A key advantage is the presence of a traffic light at the intersection of Gratiot Avenue and 22 Mile Road, ensuring excellent visibility and accessibility. The property is zoned C-3, offering flexibility for a variety of commercial and industrial uses. The parcel, identified by APN numbers 09-30-251-012, 15-09-19-452-004, and 15-09-30-251-043, is priced at $395,000, or $89,773 per acre. Furthermore, this sizable lot can be purchased as a single 4.4-acre tract or divided into two approximately 2-acre parcels, catering to diverse development needs and budgets. This prime location in Macomb County offers significant potential for investors and developers seeking a strategic foothold in a thriving market. The property's high visibility, convenient access, and flexible zoning make it an ideal site for a wide range of commercial and industrial ventures.

    Property Features for 48936 Gratiot Ave

    General Information

    Property type
    Land
    Lot Size
    191,664 SF

    HighLights

    • 625 feet of frontage on high‑traffic Gratiot Avenue.
    • All utilities available at the street.
    • Traffic signal at the intersection of Gratiot Avenue and 22 Mile Road.
    • 4.4‑acre parcel divisible into two approximately 2‑acre parcels.
    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
    -82.8448219
    Latitude
    42.6591809

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    FAQs

    What type of property is this?
    Land - 4.4-acre development site, all utilities.
    Where is this land located?
    The property is located at 48936 Gratiot Ave New Baltimore, MI.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: 625 feet of frontage on high-traffic Gratiot Avenue.; All utilities available at the street.; Traffic signal at the intersection of Gratiot Avenue and 22 Mile Road.
    Request Owner's contact information
    48936 Gratiot Ave 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
    48936 Gratiot Ave New Baltimore, MI 48051
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